NBC News’ Amy Robach and CNBC’s Sharon Epperson moderated a panel on the need for parents to talk to their kids about financial responsibility, sponsored by iVillage and PASS from American ExpressSM.
The event, held at the Museum of Modern Art in Manhattan on Tuesday, outlined the need to keep the conversation of money going with your children. Less than one in five teens (19%) are saving for college, which is why The Talk initiative is holding this program.
Video from the event and the full press release is after the jump…
New York, New York — Tuesday, November 16, 2010
Less Than 1 in 5 Teens (19%) Are Saving For College – Underscoring The Need For Parents To Connect With Their Teen Children About Financial Responsibility*
iVillage and PASS from American ExpressSM Continue to Spread the Word About The Importance of Having The Talk With a Panel Discussion at the MOMA, Moderated by NBC News’ Amy Robach and CNBC’s Sharon Epperson
WHAT: iVillage, the essential digital brand for women, in partnership with PASS from American Express, a prepaid reloadable card parents give to teens and young adults, will host a financial discussion for New York-area women this evening, Tuesday, November 16, at the Museum of Modern Art in Manhattan. The event is themed around The Talk initiative, an innovative program from iVillage and PASS from American Express, designed to spark conversation among women while delivering the tools and resources they need to teach themselves and their teens the importance of financial responsibility.
The panel will include teenagers and young adults from the Tri-State area and will be moderated by both NBC News’ Amy Robach and CNBC’s Sharon Epperson along with youthologist and author, Vanessa Van Petten. The discussion will provide guidance and solutions for mothers who are seeking ways to better connect with their teens on this subject.
WHERE: The Talk online resource can be found at www.ivillage.com/thetalk, with expert tips, insightful videos and mom-to-mom success stories – all created to help parents foster The Talk conversation with their teens.
In addition, photos from the event as well as video footage of the panel will be posted at www.ivillage.com/thetalk at noon ET on November 17.
According to a nationwide study released by iVillage earlier this year, close to half (41%) of moms wish they knew more about managing money so that they could better inform their teens about being financially responsible.
*In an iVillage poll fielded just last week, 79% of online women with teenaged children reported that their kids primarily spend their allowance money on themselves; with video games, personal care products, clothes, movies and candy at the top of their kids’ lists. Regrettably, the women polled indicated that less than 1 in 5 (19%) of their teens are actively saving for college with their allowance money.
To help iVillage mobilize parents to have The Talk, a special public service announcement, in partnership with NBC Universal’s Emmy award-winning public service campaign, The More You Know, featuring CNBC’s Maria Bartiromo, will debut tomorrow.
Amy Robach serves as the Saturday “Today” co-anchor and as National Correspondent for “NBC Nightly News with Brian Williams,” “Today,” and all platforms of NBC News. Sharon Epperson covers the global energy and commodities markets and contributes special reports on personal finance for CNBC. She also appears frequently on NBC’s “Today” and “NBC Nightly News with Brian Williams,” MSNBC and NBC affiliates nationwide.
iVillage is the largest content-driven community for women online reaching 30 + million unique visitors per month (comScore). With over four million plus conversations annually and thousands of specific brands talked about weekly, iVillage is at the center of her digital routine. Every day, women come to iVillage to connect, share advice, find life tools and engage in conversations that matter most to them in the areas of Pregnancy & Parenting, Health, Food, Entertainment and Beauty & Style. Additional businesses and brand extensions within iVillage include iVillage UK, Digital Works @ NBCU, Astrology.com and GardenWeb. iVillage Inc., is based in New York City, and is part of the NBC Universal Women & Lifestyle Entertainment Networks Group. Join iVillage’s Facebook group at www.facebook.com/ivillage and follow us on Twitter at www.twitter.com/ivillage.