What Do Teens Want to Know about Money -- A Comparison of 1998 and 2008

Research indicates that the financial literacy of U.S. teens is low, yet they have access to and spend a great deal of money each year. Teens were surveyed in 1998 (N = 323) and again in 2008 (N = 558) to determine what teens wanted to know about money and how they wanted to learn. Data were collected regarding teens' sources of income, why money was important, the types of financial information they would like to learn, and how they would like to learn from seven counties in California-Alameda, Kern, Los Angeles, Riverside, San Diego, San Luis Obispo, and Santa Barbara. The findings indicate that teens are still interested in learning about many of the same financial topics identified in 1998, but their desire for web education has increased. These data can be used to develop programs that will interest teens. [Reprinted by permission of Sage Publications Inc., copyright holder.]