Question of the Day: What percent of teens have opened a bank account?
Find out how many teens you can bank on having a savings account...
Answer: 49% of teens have opened a bank account
Questions:
- Do you have a bank account currently? Why or why not?
- What are the benefits of opening a bank account as a young person?
- What are the reasons that young people might decide NOT to open a bank account?
- What do you need to open a bank account, if you are under the age of 18?
Behind the numbers (Fidelity):
"This summary presents key findings from Fidelity Investments’ 2022 Teens and Money Study. Fidelity conducted this research to gather insights into teens’ attitudes and behaviors when it comes to managing their finances, and more specifically investing."
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Have your students practice banking online using NGPF's INTERACTIVE: Online Bank Simulator
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About the Author
Mason Butts
After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.
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