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.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.