Parents are not confident they can teach kids about investing. Here's how advisors say to get started

finance
Created 11/5/2024
Updated 11/5/2024

A majority of parents agree that teaching kids about investing is essential, but only 22% feel confident doing so, according to a SIFMA Foundation survey. Many want schools to take the lead, with 74% saying they’d switch schools for better financial education options. While only 26 U.S. states mandate personal finance courses, programs like SIFMA’s Stock Market Game help students learn about diversification, risk, and building wealth. Experts recommend informal family discussions, opening custodial investment accounts, and hands-on experiences to engage kids. Financial literacy early on can combat risky trends from social media and foster long-term financial success.

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