Answer: 67%

Questions:

• Do you have a bank account? Why or why not?
  • If so, at what age did you open it? How do you use your bank account? 
• What do you think the 1/3 of 14-22 year olds who don't have a bank account do with their money?
• This study surveyed 14-22 year-olds. At what age in this range do you think that more than 50% have a bank account? Explain.

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (from American Banker):

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.