Financial knowledge of teens and their parents

Cathy Faulcon Bowen

Research output: Contribution to journalArticlepeer-review

55 Scopus citations

Abstract

The purposes of this study were to determine the financial knowledge of high school juniors/seniors and their parents and the relationship between the teens' and parents' financial knowledge. Teens were knowledgeable about net incomes and endorsing checks. Parents were knowledgeable on all areas studied except, credit card liability for unauthorized use, W-4 forms, annual percentage rates, auto collision coverage, and interest accrual on outstanding credit card balances. Significant relationships were found between the teens' and parents' money knowledge.

Original languageEnglish (US)
Pages (from-to)93-102
Number of pages10
JournalJournal of Financial Counseling and Planning
Volume13
Issue number2
StatePublished - Jan 1 2002

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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