Virtually just as many kids 62 percent follow through on this belief. The downside of money is the anxiety it causes in kids. To help kids deal with the pressure to spend their money, they need to hear messages about the importance of charitable giving and saving so that they learn a balanced financial philosophy. Under the influence of spending Kids also feel peer pressure to spend. Parents agree that commercialism has an effect on their kids, too.
Kids are also aware of the effects of consumerism.
Yankelovich Partners conducted this survey for Lutheran Brotherhood by telephone among 510 randomly selected American children in grades six through 11 and their parents. Interviews were completed May 3-31, 2000.