According to an article by Jessica Dickler titled “83% of teenagers think about retirement–but many make this one mistake,” a lot of teens make a specific mistake in planning for retirement. More than 8 of 10 teenagers make this certain error.

In this article, it points out how there can be detachment between teens and money. However, there is a noticeable increase in interest among teens and their money nowadays. Based on the outcome of a survey from Junior Achievement and Mission Square, 83% percent of 13 to 18-year-olds have already thought of their retirement.

A lot of teens think the top move for saving money long-term is just to stash it in a bank. However, actually less than half of them understand that going with stocks and bonds, with a financial advisor’s help, could give them more bang for their buck overtime. Only 45% chose that as the better option for growing their cash. 

This article goes over what teens actually think and do and what they do not need to think and do. There has been an increasing interest in money, retirement, and other finance-related things among teens due to how much we are changing economically every single day.