Survey: Most parents teach their kids about saving money
By Erin El Issa, NerdWallet
Some Americans likely grew up not openly discussing finances at home. According to a new NerdWallet survey conducted online by The Harris Poll, 20% of baby boomer parents (ages 61-79) didn’t teach their children about saving money.
Perhaps because talking about finances has become less taboo, today’s parents of young kids are prioritizing this life lesson: The survey found that 93% of parents of children under 18 have taken action to teach their kids about saving money, like encouraging them to set savings goals (45%) or opening up a savings account for their children to deposit money into (41%).

If you’re a parent who wants to teach your kids about saving money, here are a few options to consider.
1. Set kids up with an age-appropriate savings vehicle
According to the survey, 41% of parents of children under 18 opened a savings account for their kids to deposit money into as a way to teach them about saving. Additionally, some parents of minor children used visual tools — whether physical (38%) or digital (28%) — like piggy banks or savings jars.