T. Rowe Price’s 2016 Parents, Kids & Money survey revealed that many parents are willingly overextending their finances to fulfill their kids’ holiday wish lists. 53% of parents agree with the statement, “I try to get everything on my kids’ lists, no matter how much it costs.” Additionally, 64% of parents agree with the statement, “I spent more over the holidays than I should have.” Parents spent an average of $422 on each child’s holiday presents. On top of the financial cost, there is also an opportunity cost that comes with checking everything on kids wish lists. Prioritizing wants and making trade-offs teach kids valuable money lessons. T. Rowe Price encourages parents to invest in their kids’ futures by talking to them about money matters weekly. To help, the firm created MoneyConfidentKids.com, which provides free online games for kids, lessons for educators, and tips for parents, focused on financial concepts such as goal setting, spending versus saving, inflation, asset allocation, and investment

1. 8TH ANNUAL PARENTS, KIDS &
MONEY SURVEY—HOLIDAY
SPENDING FINDINGS
T. Rowe Price
November 2016
Detailed Results

2. 2
2%
30%
68%
0% 10% 20% 30% 40% 50% 60% 70% 80%
I don't spend any money on the holidays
No
Yes
Saving for the Holidays
T. Rowe Price 2016 Parents, Kids & Money Survey
N=1,086 (Total Respondents)
Q63. DO YOU NORMALLY SAVE FOR HOLIDAY SPENDING THROUGHOUT THE
YEAR?
 Millennial parents are more likely than Gen X and baby boomer parents to save throughout the
year (83% vs. 67% vs. 50%)
 Parents with more than one child are more likely to save throughout the year (72% vs. 58%)

3. 3
3%
11%
11%
14%
24%
40%
56%
56%
0% 10% 20% 30% 40% 50% 60%
Other
Retirement savings
Payday loan
Emergency Fund
Tax refund
Regular savings
Credit cards
Current income
Paying for Holiday Spending
T. Rowe Price 2016 Parents, Kids & Money Survey
N=1,060 (Spend on Holidays)
Q64. WHICH OF THE FOLLOWING HAVE YOU EVER USED TO PAY FOR
HOLIDAY SPENDING?
(CHECK ALL THAT APPLY)
25% select at least one

4. 4
7%
9%
23%
35%
26%
0% 5% 10% 15% 20% 25% 30% 35% 40%
More than 12 months
7-12 months
4-6 months
2-3 months
I pay it all in the first month
Credit Card Holiday Spending
T. Rowe Price 2016 Parents, Kids & Money Survey
N=588 (Use Credit Cards for Holiday Spending)
Q65. HOW QUICKLY DO YOU PAY OFF WHAT YOU SPENT ON CREDIT CARDS
FOR HOLIDAY SPENDING?
 A total of 16% of parents take more than six months to pay off credit card holiday spending

5. 5
Holiday Spending
T. Rowe Price 2016 Parents, Kids & Money Survey
N=1,060 (Spend on Holidays)
53%
58%
64%
74%
82%
0% 20% 40% 60% 80% 100%
I try to get everything on my kids’ lists, no matter how much it costs
I never stick to my holiday spending budget
I spent more over the holidays than I should have
I spend the same exact amount for holiday presents on each of my kids
It’s important to give to charity over the holidays
Q66. HOW MUCH DO YOU AGREE OR DISAGREE WITH THE FOLLOWING
STATEMENTS?
(DISPLAYING PERCENT WHO AGREE)
 Men are more likely than women to try to get everything on their kids’ lists (60% vs. 45%)

6. 6
Holiday Spending—By Parent Age
T. Rowe Price 2016 Parents, Kids & Money Survey
N=1,060 (Spend on Holidays)
33%
42%
54%
66%
80%
50%
58%
63%
72%
81%
75%
69%
75%
84%
88%
0% 20% 40% 60% 80% 100%
I try to get everything on my kids’ lists, no matter how much it costs
I never stick to my holiday spending budget
I spent more over the holidays than I should have
I spend the same exact amount for holiday presents on each of my kids
It’s important to give to charity over the holidays
Millennial
Gen X
Baby Boomer
Q66. HOW MUCH DO YOU AGREE OR DISAGREE WITH THE FOLLOWING
STATEMENTS?
(DISPLAYING PERCENT WHO AGREE)
 Three-quarters of millennial parents try to get everything on their kids’ lists and spend more over
the holidays than they should

7. 7
13%
20%
36%
18%
13%
0% 5% 10% 15% 20% 25% 30% 35% 40%
A lot more than last year
A little bit more than last year
The same as last year
A little bit less than last year
A lot less than last year
Holiday Spending Comparison
T. Rowe Price 2016 Parents, Kids & Money Survey
N=1,060 (Spend on Holidays)
Q67. COMPARED TO THE YEAR BEFORE, WOULD YOU SAY YOUR HOLIDAY
SPENDING THIS YEAR WAS:
(INDICATE WHICH APPLIES)

8. 8
34%
37%
29%
0% 5% 10% 15% 20% 25% 30% 35% 40%
$500 or more
$200 to $499
Less than $200
Amount Spent on Kid—Holiday Presents
T. Rowe Price 2016 Parents, Kids & Money Survey
N=1,086 (Total Respondents)
Q68. THINKING ONLY ABOUT YOUR KID WHO WILL BE TAKING THE
SURVEY, APPROXIMATELY HOW MUCH DID YOU SPEND IN THE PAST 12
MONTHS ON HOLIDAY PRESENTS?
Mean: $422
Median: $300

9. 9
Kid Responses
T. Rowe Price 2016 Parents, Kids & Money Survey
N=1,086 (Total Respondents)
69%
87%
0% 20% 40% 60% 80% 100%
My parents encourage me to give money to charity
My parents encourage me to donate clothes or toys to charitable causes (e.g.,
Goodwill, Salvation Army, Toys for Tots, etc.)
Q81. HOW MUCH DO YOU AGREE OR DISAGREE WITH THE FOLLOWING
STATEMENTS?
(DISPLAYING PERCENT WHO AGREE)

10. RESPONDENT PROFILE

11. 11
49%51%
Respondent Profile
26%
25%
25%
24%
South
Northeast
West
Midwest
Q2. REGIONQ1. AGE Q3. GENDER
Men
Women
Q5. HOUSEHOLD
INCOME
76%
11%
9%
4%
1%
Married
Separated/Divorced
Single
Married (same sex)
Widow/Widower
Q4. MARITAL STATUS
29%
58%
13%
< 35
35–50
51+
30%
38%
32%
< $50K
$50K–$99,999
$100K+
74%
16%
9%
5%
2%
White/Caucasian
Hispanic/Latino
Black/African
American
Asian
Native American
Q6. RACE/ETHNICITY
T. Rowe Price 2016 Parents, Kids & Money Survey
N=1,086 (Parents: Total Respondents)

12. 12
Respondent Profile
Q7. EDUCATION LEVEL
64%
14%
9%
4%
4%
3%
2%
Employed full time
Stay-at-home parent
Employed part-time
Self-employed
Unemployed
Retired
Student
Q8. EMPLOYMENT STATUS
2%
11%
21%
12%
33%
21%
< HS graduate
HS graduate
Some college
Assoc. degree
Bachelor's degree
Graduate degree
28%
42%
19%
11%
1
2
3
4+
Q9. # KIDS IN HH
51%49%
Q11. KID GENDER
BoysGirls
Q12. KID AGE
10%
14%
16%
13%
14%
19%
14%
8
9
10
11
12
13
14
T. Rowe Price 2016 Parents, Kids & Money Survey
N=1,086 (Parents: Total Respondents); N=1,086 (Kids: Total Respondents)
80%
15%
5%
Biological
only
Non-
biolgical
only
Mix
TYPE OF KIDS

13. 13
Respondent Profile
25%
53%
17%
4%
1%
None
One
Two
Three
Four +
# BOYS IN HOUSEHOLD# KIDS IN HOUSEHOLD
KID GENDER MIX
28%
42%
19%
11%
One
Two
Three
Four +
21%
25%
54%
Girls only
Boys only
Boys and girls
T. Rowe Price 2016 Parents, Kids & Money Survey
N=1,086 (Parents: Total Respondents)
# GIRLS IN HOUSEHOLD
22%
51%
21%
5%
2%
None
One
Two
Three
Four +

14. 14
Respondent Profile
75%
22%
3%
None
One
Two +
# KIDS 8 – 14 IN HH# KIDS < 8 IN HH
KID AGE MIX
25%
53%
42%
19%
11%
None
One
Two
Three
Four +
29%
52%
3%
16%
8-14 only
8-14 and younger
8-14 and older
8-14 and both
T. Rowe Price Parents, Kids & Money Survey
N=1,086 (Parents: Total respondents)
# KIDS > 14 IN HH
63%
30%
6%
1%
One
Two
Three
Four +

15. OBJECTIVE & METHODOLOGY

16. 16
Objective and Methodology
Objective
 To understand the basic financial knowledge, attitudes, and behaviors of both parents of
children ages 8 – 14 and their children ages 8 – 14.
Methodology
 T. Rowe Price commissioned an online survey of parents of children ages 8 – 14 and their
children ages 8 – 14 .
 The survey was fielded from 2/4/16 to 2/11/16, with parent quotas of approximately 50%
men and 50% women.
 A total of 1,086 parents and children ages 8 – 14 in the U.S. participated; the sampling
error for a sample of 1,086 is +/- 3% at the 95% confidence interval.
 The survey was fielded through MetrixLab, Inc.
T. Rowe Price 2016 Parents, Kids & Money Survey