7 Money Lessons Teens Learned from the Recession
Lesson 4. I shouldn’t spend my entire paycheck in one shot. Teens have learned the importance of saving their cash. Seventy-seven percent describe themselves as “super savers,” in contrast to 23% who describe themselves as “big spenders.” The study found that teens have an average of $1,000 saved. About 76% say their primary reason for saving is for college expenses.