Tue 1 Sep 2009
The Children’s Mutual Announces Seven Year Olds To Lead New Savings Culture
Posted by EPR Network under Business, Consumer Services, Economy, Featured, Financial, Kids & Teens, Society
Released on: September 1, 2009, 6:54 am
Author: The Children’s Mutual
Industry: Financial
The Children’s Mutual’s ‘Turning Seven’ report has revealed that the recession will have a positive impact on the savings habits of today’s seven year olds. According to the leading Child Trust Fund provider, the current recession is developing a younger generation with a more responsible attitude towards money - the likes of which has not been seen since the end of the Second World War.
‘Turning Seven’, which delves into the financial attitudes of seven year olds and their parents, found that two thirds of parents polled insisted that their seven year old children were better informed about finances than they were at the same age. 47% also revealed their seven year olds have already saved up money for something specific, such as a computer game. The report highlights that the current generation of seven year olds will be much more pragmatic about money.
