Wells Fargo Clear Access Banking? Survey: Despite Owning up to Money Missteps, 9 out of 10 Teens Would Rather Let Parents See Purchase Decisions Before Sharing Their Text Messages
Wells Fargo & Company (WFC)
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Source: Business Wire
Teens also report desire to drive positive social impact with purchases, autonomy to spend as they please SAN FRANCISCO--(BUSINESS WIRE)--According to a newly released Wells Fargo survey, both teens and parents cite challenges and disagreements related to how teens spend, with nearly 70% of teens reporting they should be able to make purchases using their own money without restrictions, compared to only 44% of parents. The survey, sponsored by Clear Access Banking? – an account free1 for people 13 to 24 years old that only allows customers to spend what they have – highlights one aspect of an all too familiar family dynamic in which parents struggle: how to balance imparting enough financial health guidance to keep kids on track, while giving them the chance to spread their financial wings and make their own spending mistakes.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211026005142/en/The survey, sponsored by Clear Ac
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