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Share Name | Share Symbol | Market | Type |
---|---|---|---|
T Rowe Price Group Inc | NASDAQ:TROW | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.34 | 0.31% | 111.50 | 89.77 | 122.00 | 113.55 | 111.20 | 112.37 | 1,271,966 | 05:00:04 |
BALTIMORE, March 25, 2015 /PRNewswire/ -- T. Rowe Price's 2015 Parents, Kids & Money Survey revealed that parents are letting their kids, who are 8-14 years old, learn about money the hard way, but may not be having the appropriate financial conversations to help guide their decisions. Additionally, the survey found that a growing number of parents think that it is appropriate for schools to teach financial education, and three-quarters of parents think there should be a personal finance requirement to graduate high school.
Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7455231-t-rowe-price-financial-education/
Edward Bernard, vice chairman of T. Rowe Price, commented, "T. Rowe Price believes that financial education can be a valuable component of an educational curriculum. We're pleased to see an increasing number of schools incorporating it into their programs nationwide. The complexity of today's world requires a good understanding of basic financial concepts, in order to save and spend wisely. Financial education works best when schools and parents work together to teach money matters and reinforce lessons from the classroom in daily life."
T. Rowe Price encourages parents to invest in their kids' futures by talking to them about money matters weekly. To help, the firm created MoneyConfidentKids.com. The site provides free online games for kids, lessons for educators, and tips for parents, focused around the financial concepts of goal setting, spending versus saving, inflation, asset allocation, and diversification.
Stuart Ritter, CFP®, a senior financial planner at T. Rowe Price, explains, "Parents need to put aside any reluctance to discuss money matters and find a balance between providing firsthand experiences for kids and talking about finances. While there is value in letting kids learn from mistakes, parents should also regularly discuss money, provide context and guidance, and use the real-life experiences to reinforce money conversations."
Since 2009, T. Rowe Price has used online games and experiences to engage kids in learning about money matters in a fun and interactive way. The firm will soon launch Star Banks Adventure, a new online game and mobile app designed with a matching concept that reinforces learning, while engaging kids in an epic adventure to save the galaxy from financial chaos.
LEARNING ABOUT MONEY THE HARD WAY
SCHOOLS HAVE A ROLE TO PLAY
HOW TIMES HAVE CHANGED
PARENTS' FINANCIAL BEHAVIORS AFFECT THEIR KIDS
ABOUT THE SURVEY
The seventh annual T. Rowe Price Parents, Kids & Money Survey, conducted by MarketTools, Inc., aimed to understand the basic financial knowledge, attitudes, and behaviors of both parents of kids ages 8-14 and their kids ages 8-14. The survey was fielded from January 20, 2015, through January 27, 2015, with a sample size of 1,000 parents and 881 kids ages 8-14. The margin of error is +/- 3.1 percentage points. All statistical testing done among subgroups (e.g., boys versus girls) is conducted at the 95% confidence level. Reporting includes only findings that are statistically significant at this level.
ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price (NASDAQ-GS: TROW) is a global investment management organization with $746.8 billion in assets under management as of December 31, 2014. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com, Twitter (twitter.com/troweprice), YouTube (youtube.com/trowepricegroup), LinkedIn (linkedin.com/company/t.-rowe-price), or Facebook (fb.com/troweprice).
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/t-rowe-price-parents-let-kids-learn-about-money-the-hard-way-300055885.html
SOURCE T. Rowe Price Group, Inc.
Copyright 2015 PR Newswire
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