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SCH Safecharge International Group Limited

435.00
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Safecharge International Group Limited LSE:SCH London Ordinary Share GG00BYMK4250 ORD USD0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 435.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cash or Checks Top Teens' Holiday Wish List

03/11/2005 2:00pm

PR Newswire (US)


Safecharge (LSE:SCH)
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From Jun 2019 to Jun 2024

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Boys & Girls Clubs of America Survey Finds Teens Are Saving Their Money for a Snowy Day ATLANTA, Nov. 3 /PRNewswire-FirstCall/ -- Feeling guilty about writing a check instead of taking the time to find the perfect gift for the teens on your shopping list? The recent "Money Matters Holiday Survey" confirms that cash is king when it comes to satisfying teenagers' wish lists at holiday time. The survey, conducted by Boys & Girls Clubs of America (BGCA), includes insights from more than 700 teen members of Clubs nationwide, 286 of whom have participated in the Money Matters: Make It Count program, a joint initiative of BGCA and The Charles Schwab Foundation, which promotes financial literacy among teens from disadvantaged circumstances. Findings from the survey revealed that 38 percent of teens would prefer to receive cash or a check. Other in-demand holiday gifts included cell phones or portable electronics (15 percent), clothing (12 percent) and a car (9 percent). The survey further found that 35 percent of teens surveyed said they began saving money for gifts one to three months in advance of the holiday season; 38 percent of teens would put any extra money not spent on holiday gifts in the bank; and, when asked what they would do if they received $1,000 as a holiday gift, 28 percent of teens said they would save it. Additional survey results include: -- Expected teen spending on holiday gifts: 27 percent of teens surveyed plan to spend up to $50 on holiday gifts this year. Nearly 25 percent plan to spend between $51 and $100, and approximately 21 percent intend to spend more than $100. -- Teens are working hard for the money: 32 percent of teens got the money they plan to spend on holiday gifts this year from a part-time job. -- Teens take their cues from other teens: When it comes to deciding what they would like to receive as a holiday gift, teens are most influenced by: popularity with friends or other kids at school (38 percent), advertisements (35 percent) and magazine articles (27 percent). -- Celebrity-driven culture raises teens' expectations: The majority of teens surveyed (66 percent) think the news media's attention on celebrities and their money raises teens' hopes of getting large gifts. "It is encouraging to see that, despite the urge to spend money on gifts this holiday season, our Club members are recognizing the importance of saving for their future," said Roxanne Spillett, president of BGCA. "Through programs like Money Matters, Boys & Girls Clubs are able to help our teen members learn how to save money, develop a budget and spend wisely, enabling them to purchase holiday gifts, but also helping them to prepare for other important expenses, such as their college education." The Money Matters program, which is available to all Boys & Girls Clubs, helps teens ages 13 to 18 learn practical ways to save, spend and invest the money they earn through fun, interactive activities and exercises on topics like using a checking account, managing debt, saving for college and the basics of investing. The program helps members enhance their financial skills through a variety of components, including a Teen Personal Finance Guide, Facilitator's Guide and the Money Matters Web site -- a secure site for teens. Money Matters also features the Schwab Employee Volunteer Program, which allows Schwab employees to share their financial expertise with teenage Club members and their families. About Boys & Girls Clubs of America Boys & Girls Clubs of America (http://www.bgca.org/) comprises a national network of some 3,700 neighborhood-based facilities annually serving some 4.4 million young people, primarily from disadvantaged circumstances. Known as "The Positive Place for Kids," the Clubs provide guidance-oriented character development programs on a daily basis for children and teens, 6-18 years old, conducted by a full-time professional staff. Key Boys & Girls Club programs emphasize character and leadership development, education and career enhancement, health and life skills, the arts, sports, fitness and recreation. About The Charles Schwab Foundation Funded by The Charles Schwab Corporation (NYSE / Nasdaq: SCH), the Charles Schwab Foundation is committed to giving back to the community by supporting employee-selected causes and fostering financial literacy through funding, involvement and expertise. The Charles Schwab Corporation, through its operating subsidiaries, provides securities brokerage and financial services to individual investors and the independent investment advisors who work with them. With over 7 million individual investor accounts and more than $1 trillion in client assets, The Charles Schwab Corporation is one of the nation's largest financial services firms. Its subsidiary Charles Schwab & Co., Inc. (member SIPC) provides a complete range of investment services and products, including an extensive selection of mutual funds; financial planning and investment advice; retirement plans; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent fee-based investment advisors through its Schwab Institutional division. Its subsidiary Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. The corporation's other operating subsidiaries include U.S. Trust Corporation (member FDIC) and CyberTrader(R), Inc. (member SIPC). These companies' Web sites can be reached at http://www.schwab.com/, http://www.schwabbank.com/, http://www.ustrust.com/, and http://www.cybertrader.com/. Brokerage products: Not FDIC insured. No Bank Guarantee. May Lose Value. Boys & Girls Clubs of America's "Money Matters Holiday Survey" was conducted online from Sept. 12 to Sept. 23, 2005, and was completed by 716 Boys & Girls Club members ages 13-18. DATASOURCE: Charles Schwab; Boys & Girls Clubs of America CONTACT: Lindsey Edmondson of Boys & Girls Clubs of America, +1-404-487-5868, or ; or Kim Dresdale of Patrice Tanaka & Company, Inc., +1-212-229-0500, ext. 247, or , for Charles Schwab Web site: http://www.bgca.org/ Web site: http://www.schwab.com/

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