MasterCard's Navigating Parental Financial Peace of Mind

MasterCard Worldwide Navigating Parental FINANCIAL PEACE OF MIND 64% of parents say their children's SPENDING AND MONEY MANAGEMENT worries them 2 IN 5 ( PARENTS BELIEVE THAT THEIR SOON TO BE COLLEGE FRESHMEN WILL RUN OUT OF MONEY WITHIN 1 MONTH CREDIT RATINGS Their children's ability TO MANAGE THEIR LONG TERM CREDIT RATING is a concern FREEZING ACCESS TEXT SPENDING ALERTS AND FREEZING ACCESS TO MONEY makes parents more comfortable SPENDING ! ALERTS about the health of their children's finances DEBIT CARD PREPAID CARD DEBIT AND PREPAID CARDS Case parents fears their children won't get into serious debt For more about achicving financial peace of mind, go to www.yourmoneysmarter.com and click on Tips & Tools The MasterCard Student Transitions Study was conducted among 310 parents with at least one child in college or a high school upperclassman (grades 11-12) ("children in transition to adulthood"). The online survey was conducted by APCO Insight, an international opinion research firm, August 7-9, 2012. The survey has a sampling error of 5.6 percentage points at the 95% confidence interval.