Adults Vs Teens – Who are the savers & spenders?

ADUL TSO TEENS WHO ARE THE SAVERS AND SPENDERS? 73% of adult respondents are saving, or intend to save, for their children or grandchidren Worrying about how your teenager handles their money? Don't. Research from Foresters Friendly Society found that they are more responsible than we think when it comes to money. 52% of savings pots for children will be accessed when they are 18 PARENTS AND GRANDPARENTS TEENAGERS 32% 62% worry about how children will spend money that's been saved for them. would put money into a savings plan if they received £10,000. 55% WANT THE MONEY TO BE USED FOR EDUCATION 57% WOULD PUT SOME OF THE MONEY TOWARDS EDUCATION 合 合 42% WANT THE MONEY TO BE USED FOR A DEPOSIT ON A HOME 21% WOULD SPEND SOME OF IT ON A DEPOST FOR A HOMP 17% HOPE THEY WILL PUT MONEY INTO A SAVINGS PLAN 72% THINK FAMILY WANT THEM TO SAVE THE MONEY 59% 83% of parents and grandparents aren't aware that finance is now on the national curriculum across the UK. of teenagers say that they don't receive enough financial education in school. 87% 77% ABULTS TEENS try to teach their children about managing money learn good money sense from their parents FORESTERS FRIENDLY SOCIETY OFFER SAVINGS PLANS FOR CHILDREN AND ADULTS - FIND OUT MORE AT FORESTERSFRIENDLYSOCIETY.CO.UK 1: The Foresters Saving for Children Survey was carried out in November 2014 among 310 parents and grandparents, and 427 16-18 year olds. For full results, please contact Foresfers Friendly Society via [email protected] 2: Parents/grandparents were given the following five options and could choose as many as applied: • university or higher educalion travel • towards a deposit for a home •a car a savings plan • dortt mind how they spend it. Foresters Friendly Society 3: Teens were given the following five options and could choose as many as applied: * universily or higher education travel• deposit for a home a car • a savings plan.