2009 Teens and Personal Finance Poll by nrt87341


									Junior Achievement’s
2009 Teens and Personal Finance Poll
funded by The Allstate Foundation
Junior Achievement, with the support of The Allstate Foundation, conducted its tenth annual “Teens and Personal Finance” poll in late
February of 2009. The survey assesses how the current economic climate has impacted the spending and saving habits of American teens.
For more information about Junior Achievement’s financial literacy programs, visit www.ja.org/programs.
* Methodology
The 2009 Teens and Personal Finance poll was conducted by Opinion Research Corporation the week of February 23, 2009, and surveyed 1,000 U.S. teens ages 12-17 via telephone.
Its margin of error is +/- 3.2 percent.

      FAMILIES AND                                                    THE ECONOMY AND                                               TEENS IN
      THE ECONOMY                                                     TEEN SPENDING                                                 THE WORKFORCE
        The economic crisis is having an impact                       The economic downturn appears to be                            Teens in the workforce are facing similar
        on families’ recreational activities, such as                 influencing the behavior and spending                          challenges to those faced by
        going out to eat and going to the movies.                     habits of teens, which have traditionally                      adults—they’re seeing wage reductions,
        They’re also taking less expensive                            been the demographic with the highest                          their schedules are being cut, or are getting
        vacations or staying home. Teens report                       percentage of disposable income. Teens                         laid off.
        they’re getting reduced allowance and                         admit to being anxious about the economy,
        cutting back on extracurricular activities.                   and their current spending habits                               Noticed you are working
                                                                      underscore just how concerned they are.                                  alongside more
                                                                                                                                        adults/former retirees
        Your family is eating out
                 less frequently
                                                                         You and your friends
                                                                           spend less money                                                   Been asked to
                                                                      because of the economy                                                work fewer hours
          Your family is taking a
      less expensive vacation or
                  staying home                                          Your friends are talking
                                                                           about the economy                                               Lost a job because
                                                                                                                                              of the economy
             Your family is going
              to the movies less
                      frequently                                         You are anxious about
                                                                            the current state of                                              Had your hourly
                                                                                  the economy                                                  wage reduced
               You are getting a
             reduced allowance                                                                                                                                   0    10%      20%      30%
                                                                           Your activities have
                                                                         not changed because                                                           Source: Junior Achievement ®, www.ja.org
                                                                               of the economy
              You have reduced                                                                     0   20% 40%          60%
                       activities                                                        Source: Junior Achievement , www.ja.org

                                    0    20%      40%      60%
                           Source: Junior Achievement ®, www.ja.org

      FAMILY FINANCES                                                 TEENS AND
      AND THE ECONOMY                                                 EMPLOYMENT
       The economic downturn appears to be                            On the jobs front, many teens are facing
       prompting many parents and guardians to                        challenges similar to those confronted by
       discuss family finances with their teens,                      adults. Teens say there are fewer jobs and                   Junior Achievement is the world’s largest
       resulting in some parents asking their kids                    there is more competition for the jobs for                   organization dedicated to inspiring and
       for money.                                                     which they’re applying.
                                                                                                                                   preparing young people to succeed in a
                                                                                                                                   global economy. Through a dedicated
       There’s been a change to                                              There seem to be
         family spending/budget                                            fewer jobs available                                    volunteer network, Junior Achievement
            due to the economy                                                                                                     provides in-school and after-school programs
                                                                                                                                   for students which focus on three key content
                                                                       You are being told there
         Parents have discussed                                         is more competition for                                    areas: work readiness, entrepreneurship, and
       family finances with kid(s)                                         jobs when you apply
             due to the economy                                                                                                    financial literacy. Today, 137 individual area
                                                                                                                                   operations reach more than four million
                                                                              You are currently
      Parents talk to kid(s) about                                        looking for a job and                                    students in the United States, with an
       family finances/budgeting                                         have not had difficulty                                   additional five million students served by
                on a regular basis
                                                                                                   0   10%     20%      30%        operations in 123 other countries worldwide.
                                                                                                                                   For more information about JA,
               Family has asked                                                          Source: Junior Achievement , www.ja.org

              kid(s) to contribute                                                                                                 visit www.ja.org.
               to family finances
                                  0      20% 40%           60%

                           Source: Junior Achievement , www.ja.org

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