PROVIDENCE – More than two-thirds of American teenagers say they are somewhat or very concerned about the financial toll of COVID-19 on themselves and their families, according to a new survey by Junior Achievement USA and Citizens Bank.
Of the teenagers surveyed, 69% said they were concerned and 72% reported discussing finances with their parents or guardians as a result of the new coronavirus, including 24% that said their caretakers expressed concern with paying bills. Roughly 13% reported parents or caregivers had lost jobs due to the virus.
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…
Learn More
Other findings include:
- Fifty-seven percent of those surveyed worried about how COVID-19 would impact their plans for the future.
- Forty-four percent of high school juniors and seniors said COVID-19 impacted their ability to pay for college, with 58% anticipating they were more likely to take out student loans and 30% delaying college start dates.
- Twenty-two percent had a job outside the home, with 62% of those working reporting violating social-distancing recommendations to do so.
The survey, conducted by Wakefield Research, includes results from 1,000 teenagers ages 13 to 18 not in college.
Nancy Lavin is a staff writer for PBN. Contact her at Lavin@pbn.com.
