The recession has had a tremendous impact on teenagers, Charles Schwab found in its “2011 Teens & Money Survey.” It’s taught them the value of responsible money management and saving.

Ninety percent of the 1,008 teens between the ages of 16 and 18 surveyed said they have been affected by the recession. Sixty-four percent said the recession has made them more grateful for what they have, and 58% said they are less likely to ask for things they want as a result of the recession.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.