The number of teenagers who own mutual funds increased slightly from last year while the number of teenagers with jobs who own mutual funds increased significantly, according to a study released last week by Merrill Lynch of Princeton, N.J. Twenty percent of teenagers with jobs owned mutual funds, according to the study.

Overall, 12 percent of teenagers polled said they owned mutual funds, up from 11 percent at this time last year. Meanwhile, the percentage of teens with jobs who said they owned mutual funds was up from 13 percent only a year ago, according to the study. Only 10 percent of unemployed teens reported they owned mutual funds.

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