A new survey of 1,009 teens conducted for Junior Achievement by the research company ENGINE Insights shows that only one-in-four teens (27%) think that national governments (such as the U.S., China, and EU) have the most influence on the global economy, followed closely by “mega-rich” individuals (20%), and large corporations (19%). Less influential in the minds of teens are “average people” (7%), small business (4%), and the creators of new markets, like crypto, NFTs, and similar investments (3%). ENGINE Insights surveyed 1,009 teens aged 13-17 from March 31, 2022, to determine their opinions.

The survey asked teens how they would invest their money if given the opportunity. Survey respondents chose stocks as their top investment choice (39%), but crypto (29%) and real estate (29%) also topped the list. Despite this, a majority of teens (51%) admitted that they don’t understand crypto well. The majority of teens say that they learn about cryptocurrency and other investments from family (51%) or friends (32%), online videos (32%), website investment sites (32%), their parents/caregivers (32%), and social media influencers (26%). These types of investments were not taught to a student or teacher in schools, but only one in five (21%) did.

“There’s a perception among teens that how the global economy works and who has influence is changing,” said Jack E. Kosakowski, President and CEO of Junior Achievement USA. “They appear to be interested about the prospect of having influence themselves, but don’t really understand how to get there. That’s why Junior Achievement is partnering with CNBC for the ‘Money Without Borders’ virtual summit.”

These concerns were addressed by Junior Achievement and Investment in You. Set. Grow., CNBC’s award-winning financial wellness and education initiative in partnership with Acorns, will host a “Money Without Borders” virtual summit on April 21 at 11 am ET.

Hosted by CNBC Senior Markets Correspondent Bob Pisani, this unique interactive event will give teens from around the world direct access to some of the country’s most knowledgeable experts on financial technology and innovation. To help teens understand how the world is changing, new investments like NFTs or crypto are affecting the economy, as well as the roles of these investments and others, the panelists will provide simple answers.

“As the global economy continues to evolve, it becomes more complex and increasingly harder to understand,” said Mary Duffy, Vice President and Senior Executive Producer for Talent Development at CNBC. “Our goal at CNBC is to teach everyone across the world the importance of financial education and offering content like our ‘Money Without Borders’ event in partnership with Junior Achievement serves as a way to help attendees make an informed decision about investing for their future.”

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