The Future

Teaching Children About Investing

According to the Visa International Financial Literacy Barometer 2012 survey, how do Americans rank when it comes to financial literacy?

According to a survey of parents from many countries, commissioned by Visa International, in conjunction with Kiplinger’s, Americans ranked fourth overall when it comes to financial literacy, finishing behind Mexico, Brazil, and Australia. In the study, which surveyed residents of 28 countries, respondents were asked questions to measure how often parents discuss financial matters with their children, whether teens and young adults under their care were adequately prepared to manage their own money in adulthood, and how well parents manage their own financial affairs. A majority of respondents believed their children did not understand basic financial management practices such as expense budgeting, savings, debt management, and responsible spending habits. Over 70% of U.S. respondents agreed they could do a better job of teaching their children these basic financial lessons.



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