Mom Central Study: How To Raise Financially Responsible Kids in Uncertain Times

In March 2009, Mom Central Consulting surveyed nearly 1200 Moms across the United States about the impact of the recession on their families. MCC recruited Moms from our community and a network of contacts.

The survey focused on how American families are directly impacted by the current economic recession. These findings illuminate in these tough economic times, Moms face new expectations, increasingly tightened budgets and changing values.

Moms are Cutting Back
Nearly ¾ of Moms are cutting back spending on their children, while 26% are saying they are making significant cuts.

Hardest Hit Areas: 84% no longer eat out and 76% don’t buy new items for themselves.

Moms are Teaching Fiscal Responsibility
24% of Moms say their children think that money ‘grows on trees’, while 50% say their children believe their children know their parents work hard to provide for them.

Moms would like to teach their children about saving, how to appreciate what they have instead of what they want and encourage them to recycle or donate old items.

Moms are Stressed and Anxious in these Difficult Economic Times
32% of Moms are worried about the economy or their job stability

44% of Moms surveyed indicate stress about paying for groceries.

Click here to see the full report.