COLORADO SPRINGS, Colo., April 5, 2011 /PRNewswire/ — A new
study from Junior Achievement andThe Allstate Foundation shows
that 81 percent of teens say the recession has motivated them to
learn more about managing their money and parents are their
number-one resource for financial planning, yet less than half
of teens say they have discussed money management with their
family. “Much like the ‘birds and bees’ talk from previous eras,
money management has become the topic that today’s teenagers
desperately need to learn from their parents,” said Jack E.
Kosakowski, president and chief executive officer of Junior
Achievement USA™. “But, and also like the birds and bees, many
of today’s parents may not feel up to the task of educating
their children about money matters, so they hope their children
learn what they need to know in other ways.” Tougher economic
conditions have pushed teens to make money management a higher
priority than in the past. Nearly 90 percent of teens plan to
save more and 78 percent will sp