Teenage Spending and Financial Literacy Quiz

Cashed-up teenagers are letting loose on spending shows averaging $5000 a year. Parents are being warned against showering kids with too much money and financial freedom, as it can lead to _____________.

Experts suggest that parents should ensure their teens earn some money through household chores or ____________ employment to develop a sense of saving.

Psychologist Sally-Anne McCormack suggests a small base allowance of around $10 a week, with any additional money earned through _____________.

According to a report by a Market Research Company, young consumers spend an average of $96 a week, primarily on clothes, electronics, and ____________.

The report also reveals that children are introduced to credit from a young age, with one in ten using credit regularly to make ____________.

Boys with a love of expensive techno toys and video games had a bigger budget than girls, outlaying an average of $54 a week more. Ms McCormack notes that many adults who have tightened their belts because of cost-of-living pressures are reluctant to ____________ their children.

Parents are being warned against showering kids with too much money and financial freedom, as it can lead to ____________.

Experts suggest that parents should ensure their teens earn some money through household chores or ____________ employment to develop a sense of saving.

Psychologist Sally-Anne McCormack suggests a small base allowance of around $10 a week, with any additional money earned through ____________.

According to a report by a Market Research Company, young consumers spend an average of $96 a week, primarily on clothes, electronics, and ____________.

One in four aged 16-plus combines study with a ____________ job.

Boys with a love of expensive techno toys and video games had a bigger budget than girls, outlaying an average of $54 a week more. Ms McCormack notes that many adults who have tightened their belts because of cost-of-living pressures are reluctant to ____________ their children.

Teenagers are receiving money regularly from their parents, giving them constant buying ____________.

Average weekly spending ranges from $56 for 12 and 13-year-olds to $192 for 18 and 19-year-olds. Many young consumers spend on clothes, electronics, and ____________.

Children are introduced to credit from a young age, with one in ten using credit regularly to make ____________.

Parents, part-time jobs, gifts, and allowances are the main sources of income for ____________.