Invest In Your KidWeek of November 3, 2018
Make spending on your kid into investing in your kid
Welcome to the first edition of the Till Newsletter. Each week will focus on a theme and bring you interesting articles, insights from our research, and highlights – including compelling videos – from other parents sharing what they’ve learned. We hope that you will join the conversation by following us on Instagram and Facebook – and of course, subscribing to this newsletter.
If you hadn’t noticed, raising a kid is expensive.
On average, parents spend a total of $273,000 on a child from birth to adulthood, which averages out to $15,000 per year. Across the US, this adds up to over a trillion dollars per year.
But, it does not stop there.
After launch, parents are spending a total of $500 billion dollars on adult children each year. Double what they are socking away into their retirement accounts. And, more young adults live at home than any other living arrangement – for the first time in 130 years.
But, none of this spending and support is translating much in the way of financial skills for our kids who have historically low scores in financial literacy. Over the weeks and months, this newsletter and the Till application will change this trend. Stay tuned.
Did you know...
Less that 35% of teenagers have jobs; down from almost 65% in the 1980sThe Atlantic
Sources & Samples
A recent study by the Brookings Institute and RAND Corporation lays out the dire status of the financial chops among college students. But, a glimmer of hope suggest that real world experience makes a difference – "We conclude from this that financial literacy is distinctive from student loan literacy and that student loan literacy appears to be learned through experience."
Money does not take the stress away
Edelman (a brand management consultancy) studied the opinions and drivers of affluent millennials for its financial services clients. Even though these young people had already amassed more than $50,000 in investable assets, over half still felt stressed about making financial decisions.
Acing your finances.
Retired tennis star, Andy Roddick has developed a good balance of stable investments, philanthropic interests, and start-up support. A boring regimented real estate investment strategy provided a solid base that allowed him to take more risk with his charity and new company work.
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May 7, 2019
Pay for Play or Let Them Play?
April 11, 2019
March 14, 2019
Let's Go Halfsies
March 5, 2019
So Matchy Matchy
February 25, 2019
Empower Your Kids With Spending Accounts
February 14, 2019
How Are Parents Doing Allowance And Chores?
February 9, 2019