The 7 best finance books for teens in 2021
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According to the 2019 Parents, Kids & Money survey by T. Rowe PriceHowever, 75% of children said they wanted their parents to teach them more about money, and 72% said their parents are “always worried about money”. Generational financial illiteracy is a frequently debated issue in the United States, but most schools do not teach it, even at the high school level. This leaves many young people feeling lost when it comes to basic money management.
National Bureau of Economic Research researchhas repeatedly shown that people who learn financial literacy as a teenager are more likely to save money for retirement and those who have low levels of financial literacyare less likely to plan for retirement and more likely to take on too much debt. This education can start with something as simple as reading a book, and it could have a huge impact on a person’s financial trajectory throughout their life.
With that in mind, here are the best finance books for teens of different ages and reading levels. Some books are even suitable for pre-teens, and all strike a good balance between educating and empowering the reader.
If you don’t know where to start your financial literacy journey, we recommend “Rich daddy Poor daddy for teensBy Robert T. Kiyosaki. While this might not be the last personal finance book you’ve ever read, it’s a great starter book for any teenager interested in building wealth. Kiyosaki’s spirit and holistic approach to making and saving money makes this personal finance classic a page turner as well as an invaluable educational tool.
Why trust Investopedia?
These books were chosen based on various factors, including the author’s expertise in the subject. Mona Bushnell has been a writer and journalist for 7 years. She was inspired to begin her full-time freelance writing career after reading “The Millionaire Next Door” by Thomas J. Stanley. Armed with her picks, we’ve rounded up the recommendations of the Investopedia Financial Review Board, scoured the bestseller lists and award winners for titles written by true financial experts, and we’re sure these picks have stellar online reviews. She also considered the usefulness of advice in books as well as the value of entertainment and style of writing.