Visa USA 2005 National Back to School Survey
Survey of 1,000 parents of High School students on July
28-31, 2005
Child Development of Good Money Management
Skills A Top Concern for Parents:
I’m going to read you some things that parents worry about,
and please tell me after each one how much of a worry it is to
you?
|
Total Worry |
Their Safety
|
89 |
Developming good personal financial skills and being able
to handle their money
|
74 |
Finding a career field they find fulfilling and rewarding
|
71 |
Their values
|
62 |
Following the wrong crowd
|
58 |
Drugs and alcohol use
|
56 |
Opinions Related to Personal Finance Learning
in the Home:
How important is it to you to be able to monitor
your child's spending and guide their money use?
88 |
Total Important |
11 |
Total Not Important |
Do you require them to save at least some of what
they earn, or do you let them control the money they earn? (applies
to working teens) ?
63 |
Yes / Require them to save |
36 |
No / Let them control the money they earn |
2 |
Unsure |
Does your high school student have a budget?
My high school student must think that money grows
on trees.
53 |
Total Agree |
46 |
Total Disagree |
Opinions Related to Personal Finance Learning
in the Classroom:
Has your child had any formal training in practical
money skills either in school or through any other organization
outside the home?
30 |
Yes |
70 |
No/All other responses |
What do you think? Should schools be required to
teach a class in practical money skills or not?
76 |
Yes / Required |
20 |
No / Not Required |
5 |
Unsure |
About back to school shopping:
Do you generally look forward to doing back to school
shopping or not?
35 |
Look forward to it |
62 |
Do not |
3 |
Unsure / Refused (Do Not Read) |
Which ONE of the following best describes back to
school shopping for your high school student:
85 |
You shop with your high school
student for their back to school needs |
10 |
Your high school student shops alone |
5 |
Unsure/Refused |
Which ONE of the following best describes back to
school shopping for your high school student:
82 |
Your student buys most of
their back to school items with money you give them |
9 |
Your student buys most of their back to
school items with money they earned |
8 |
Unsure |
If your child does NOT buy their own back-to-school
supplies and clothes, what do they generally spend their money
on?
51 |
Food and entertainment |
22 |
Hobbies and sports |
19 |
Clothes and accessories |
8 |
I don't know |
When you do your back to school shopping, will you
have an itemized family budget for back to school expenses like
new clothes, school supplies, books, and bookbags?
32 |
Yes |
66 |
No |
2 |
Don’t Know / Refused (Do Not Read) |
When you do your back to school shopping, will you
give your high school student an itemized budget that details
what they can spend for new clothes, school supplies, books and
bookbags?
