(Photo: Getty)
The vast majority of American teenagers still rely on cash when receiving money from their parents or guardians and when making purchases, according to a recent survey.
However, the findings also show that financial technology is making inroads in young people's lives, Junior Achievement USA and Alliance Data, which provides data-driven marketing and loyalty solutions, reported Monday.
The study's release comes two days before National Financial Awareness Day.
Wakefield Research conducted the online survey in mid-July among 1,000 U.S. teenagers between the ages of 13 and 18.
Twenty-six percent of the teenage respondents who said they received money from parents or guardians reported that it was wired into their bank account. Twenty-three percent said they used their parent's or caregiver's credit card to make online purchases.
