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Financial Planning > College Planning > Saving for College

Most Teens Say They Save

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NU Online News Service, April 3, 1:35 p.m. – Most teen-agers are already trying to save money, according to results of a new survey released by the National Consumers League, Washington.

Researchers found that about 90% of 506 teens surveyed are saving money, and that 62% say they get most of their money from working.

Researchers also found that 58% of the teens plan to plan to get their first credit cards before they graduate from college. But 10% intend to wait to apply when they get their first jobs out of school, and 8% say they will wait until they are 21.

The survey results are based on a national telephone survey conducted by Opinion Research Corp., Princeton, N.J., Feb. 14-19.

The National Consumers League is backed by a foundation affiliated with the Bank of America Corp., Charlotte, N.C.