Teen Money Management Survey 2023

The Hong Kong Institute of Certified Public Accountants ("HKICPA”) conducted the "Teen Money Management Survey" to understand the consumption and financial management habits of local primary and secondary school students, and to propose suggestions to contribute to the development of financial management education for Hong Kong students. Based on the survey results, HKICPA graded the financial management skills of primary and secondary school students in Hong Kong at a " B" level*. The HKICPA was pleased to observe that the respondents demonstrated increasingly solid concepts of money and financial management; however, there is still room for improvement, particularly in their savings and expenses tracking habits. In addition, the HKICPA recommends that financial education continue to be provided to students, with a specific focus on wealth planning and the utilization of electronic payments. For details, please click here: Teen Money Management Survey 2023