Poll: Tools to learn about money

Thanks for telling us about how you and your kids learn about money. We posed the same questions to respondents to MMI's Back-to-School survey. Here's what they had to say:

  • Schools and other structured learning is the tool that was used most by parents when they were children and is also the top choice they make for their own children.
  • The Piggy Bank is also popular and has grown in use among respondents’ children compared to when they were children.
  • Parents played and still pay a major role in teaching about finances. And, board games are used nearly as much (although there is likely parental involvement there too – especially with games like Monopoly).
  • Although their use is small, computer-based games are used more by children compared to their use by parents when they were children. Far fewer children have not had any type of financial learning compared to their parents.

Kim McGrigg is the former Manager of Community and Media Relations for MMI.