According to Wells Fargo, nearly half of teens surveyed said that the rise in GameStop’s stock piqued their interest in investing.
According to a survey by Wells Fargo, when traders were flocking to Gamestop earlier this year, the stock was capturing the imagination of even United States teens.
A third of teens say they are learning financial lessons from the Internet and social media, according to a survey of parents of 13 to 17-year-olds and teens.
And nearly half of teens say they’re more interested in investing thanks to GameStop, whose shares have soared because of its popularity among members of online investor forums.
The survey follows Fidelity Investments’ launch of a commission-free brokerage account for 13- to 17-year-olds earlier this month that allows stock trading on a mobile app, as it attracts the next generation of investors. is.
A survey of 304 parents of 318 teens and teens, conducted between April 20 and May 3, found that 57 percent of teens say they’re learning about finances from their parents and 47 percent say they Learning from school, 35 percent cite social media. And 34 percent cite websites.
But parents’ opinions differed, with only 12 percent saying their teens use social media for financial education.
According to Wells Fargo, about 45 percent of teens said that “Gamestop social media status” piqued their interest in investing, with 53 percent of boys and 40 percent of girls claiming an increase in interest.
As for cryptocurrencies, 50 percent of parents say their teens know more about bitcoin than they do. However, while 58 percent of teenage boys say they know more about bitcoin than their parents, only 33 percent of teenage girls claim to be more knowledgeable.
Still, the actual investment rate seemed much lower, with 17 percent of parents saying they opened custodial accounts to invest on their teen’s behalf.
About 13 percent encouraged their teens to play the fake stock game. About 7 percent gave their teen stocks for educational purposes. However, only 20 percent of teens say their parents have engaged with them in these activities, Wells Fargo said.
Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of knews.uk and knews.uk does not assume any responsibility or liability for the same.