This demonstrates the need for parents to review how they frame investing and money management conversations with their teens, being sure to encourage an interest in financial topics among all children.

Troublingly, teen girls report lower levels of engagement and confidence with investing, despite being more likely to know that teens can in fact trade stocks. In fact, of those teens who think about financial topics but do not currently invest, 91% say they will start investing at some point, with more than two-thirds planning to do so before graduating college. While typical rites of passage like getting a job, cell phone, or bank account continue to be a big part of teen life, increasingly young people see investing in their future. The Fidelity Youth account can help jumpstart these conversations and provide real-world money experience, but itвЂ™s critical that parents be ready to have the talk with their teens.вЂќ

вЂњIn fact, teens who have talked to their parents about investing are more likely to have a checking or savings account, talk about investing with friends or teachers, and ultimately start investing. вЂњWe know that parents help give teens the confidence they crave when it comes to money,вЂќ said John Boroff, vice president, Youth Investing at Fidelity Investments. To combat these myths and encourage families to make вЂњmoney talkвЂќ a bigger part of parent-teen relationships, Fidelity developed a new conversation guide to accompany the Fidelity Youth Account, the first-of-its-kind brokerage account that puts saving, spending, and investing decisions into the hands of teens. Parent-teen conversations about money play a powerful role when it comes to boosting knowledge and confidence in fact, teens who have talked to their parents about investing are more than twice as likely to say they feel confident about financial topics, and much less likely to feel investing is out of reach.

In fact, many teens mistakenly believe that they canвЂ™t trade stocks, according to the study which examines how young people ages 13-17 approach their finances. WhatвЂ™s more, nearly half say investing вЂњfeels out of reachвЂќ and only one-in-five teens say theyвЂ™ve started investing. BOSTON-( BUSINESS WIRE)-As part of its ongoing efforts to engage the next generation, Fidelity Investments В® today released results of the 2022 Teens and Money Study, revealing that while seven-in-ten teens look up to family members as financial role models, only a third (34%) say that their family regularly talks about investing.

Teen models