T. Rowe Price recently released the survey – Parents, Kids, & Money, which surveyed more than 1,000 parents as well as their children between the ages of 8 to 14. This survey revealed that most parents actually want to overextend their money and spending in order to get their children what they want for gifts and holiday presents.
Parents, Kids & Money Survey Finds That Parents Spent an Average of $422 per Child and 25% of Parents Have Been Financially Naughty to Fund Holiday Spending
November 2, 2016 /3BL Media/ - T. Rowe Price’s Parents, Kids & Money Survey, which sampled more than 1,000 parents and their 8 to 14 year old kids in February 2016, revealed that many parents are willing to overextend their finances to fulfill their kids’ holiday wish lists. And 25% of parents have either taken from their 401(k)s or their emergency funds or taken a payday loan to cover holiday spending.
T. Rowe Price’s financial education efforts focus on improving financial capabilities, particularly among children, because stronger financial capabilities can result in improved standards of living and more stable communities.
On Wednesday, Sept. 6, Ally and local nonprofit Classroom Central surprised more than 1,000 Charlotte students with backpacks full of supplies. In addition to providing each student at Hidden Valley Elementary school with supplies for the year, Ally donated 50 books on financial literacy topics to the school library. Watch touching highlights from the day to see what an impact the donation made on both the children and volunteers.
DETROIT, July 28, 2016 /3BL Media/ - Ally Financial (Ally) was named a 2016 Strategic Partner by the Money Smart Week Michigan Coalition in an awards ceremony yesterday in Detroit. Ally was recognized for its commitment and ongoing participation in Money Smart Week, a national public awareness campaign coordinated by the Federal Reserve Bank of Chicago to help individuals and families better manage their personal finances.