teenaged boy holding cash (Photo: Shutterstock)

The internet is beginning to rival parents as the main source of financial education for teens. Although more than half say they learned about handling finances from their parents, they also cite various sources including the following:

  • School (47 percent)
  • Social media (35 percent)
  • Online websites and articles (34 percent)

Parents underestimate how much their kids are learning from social media. Only 12 percent believe their teens use social media for financial education.

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