Of mutual (fund) interest to the races

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  • #7152

    Diane25738
    Participant

    I am an African-American female and am curious to find out from people of other races what you were taught about money when you were younger, i.e. whether to invest, save in mutual funds, insurances, etc. What did your parents tell you, and at what age did you learn about how money works?
    Original Code R646. Click here to see responses from the original archives. Click “to respond” below to reply.

    User Detail :  

    Name : Diane25738, Gender : F, Race : Black/African American, Age : 33, City : Hyattsville, State : MD, Country : United States, 
    #45536

    Patrick
    Participant

    Growing up, a large emphasis was put on saving money for the future. This seems to have had more of an effect on me than on my sister. I was always the one with money to spend, but I didn’t spend it nearly as much. My sister didn’t have money to spend because she spent it when she got it. Does it have anything to do with race? you decide, all I know is that it is how I was raised.

    User Detail :  

    Name : Patrick, Gender : M, Sexual Orientation : Strait as an arrow, Race : Irish, Religion : Agnostic, Age : 18, City : Los Altos, State : CA, Country : United States, Occupation : Student, Education level : High School Diploma, Social class : Upper middle class, 
    #41192

    Emily25375
    Participant

    I was given an allowance in grade school and the amount increased with every birthday. The children in our family were told to use our allowance for non-essential items (CDs, movie tickets)and learned basic money management that way. If you blew all your money on one purchase, you had to wait a couple of weeks to accumulate more. Allowance stopped when you got a job (18 yrs old for me) and when I went to college I got an ATM card, a checking account and a credit card (one with my name but it bills to my parents account).

    User Detail :  

    Name : Emily25375, Gender : F, Race : White/Caucasian, Religion : Lutheran, Age : 18, City : Palatine, State : IL, Country : United States, Occupation : student, Education level : High School Diploma, Social class : Upper middle class, 
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