Half of teens polled by Fidelity said investing felt ‘out of reach’
The longer someone invests, the greater that contribution will be in retirement, which means forward-thinking teenagers can find themselves with a pretty penny in their old age.
Only a third of families talk about investing, according to Fidelity Investments’ 2022 Teens and Money Study released Tuesday. Half of the teens said investing felt “out of reach” and only one out of five said they had started, the survey of more than 2,000 teenagers between ages 13 and 17. More than nine in 10 of the surveyed teenagers who think about financial topics said they do not invest, but two out of three said they plan to do so before they graduate college. Young women were less likely to feel confident or interested in investing, which emphasizes the importance of parents having these money talks with their children, Fidelity said.
There’s no one right way to have this conversation with young adults, but family members may want to start by showing teenagers what a few dollars invested could do in the long run, which can be illustrated with financial calculators. MarketWatch has financial planning tools, including a retirement calculator that includes various factors for planning and a virtual stock exchange.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
13 Horror Games to Give You Chills and ThrillsSeeking terrifying thrills, spooky atmospheres, and jump scares? These horror titles will haunt you.
Leer más »
'Grey's Anatomy' Producers Couldn't Give a Straight Answer About Season 19 Being the End'Grey's Anatomy' Producers Couldn't Give a Straight Answer If Season 19 Will Be the End
Leer más »
Urgent tea recall: Drinking this tea can give you hepatitis, so check your pantry nowUrban Remedy issued a recall for a strawberry tea flavor containing fruit connected to a recent outbreak of hepatitis A.
Leer más »
Give These Organs TLC To Promote Detoxification & Whole-Body HealthHere's a breakdown of the biggest organs systems that help you detox regularly.
Leer más »
Pride 2022 collections that are stunning and give backSupport LGBTQ+ communities and look good while doing it
Leer más »
Opinion: Mass shootings give 'gun controllers' ammo to push 'deceitful' agendaTragedies such as those in Uvalde, Texas, and Buffalo, New York, simply offer convenient backdrops for gun controllers’ agenda, Christpher Beebe says.
Leer más »