Financial instruments owned by children in the U.S. 2022

Published by Statista Research Department, Aug 6, 2023
In 2022, approximately 39 percent of children from eight to fourteen years old owned a savings account in the United States. One of the least popular financial instruments for children to own were cryptocurrencies and digital assets at around five percent. Meanwhile, 29 percent of children had piggy banks. When focusing on their parents, 401(k) plans were the most popular type of retirement savings accounts in the U.S.

Financial instruments and accounts owned by children in the United States 2022

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Source

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Release date

May 2022

Region

United States

Survey time period

January 7 to February 3, 2022

Number of respondents

2,138 respondents

Special properties

parents of children aged 8-14

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "Which of the following do your kids have?".

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