Piggy banks and savings accounts are the most popular vehicles for teaching U.S. children about financial responsibility.
Retirement market watchers at New York Life Insurance Company, New York, came to that conclusion after commissioning a survey of 1,001 U.S. adults with children younger than 18.
Pollsters asked the parents to listen to a list of six financial education practices and pick their two favorite practices.
About 63%of the parents chose teaching children financial responsibility by "giving them an allowance, a piggy bank, or opening a savings account" as one of the two most effective financial education strategies.
