'How little do some kids know about money?' Highlights of viral 'teenager texts' reveal.

• On social media, Chip Leighton's 'teenager texts' humorously address children's inquiries to their parents, including 'Do I need to tip the eye doctor?' and 'Is the ATM open later?'
• Leighton argues that while children may not have a lesser understanding of money-related topics, it is more likely that these topics are now documented.
• Still, there is a growing push to teach financial literacy in schools.

Chip Leighton knows how funny kids can be.

"The Leighton Show," a social media platform, showcases humorous posts about the texts teenagers send their parents, particularly those concerning money.

"The teenager asked the mom how much the 401(k) registration at her new job was in miles."

Leighton, a father of two, receives thousands of messages from parents of teenagers nationwide, some of which he uses for content. "There's definitely a lot of good money ones," he said.

Do I need to tip the eye doctor?" can be rewritten as "Is it necessary to leave a tip for the eye doctor?

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Leighton stated that while children may not have a lesser understanding of financial matters, these topics are more likely to be recorded in writing today.

He advised parents not to worry, but there are some challenging parts in it.

Some recent inquiries include: "What is generational wealth and why do we lack it?" and "Do I have a trust fund?" Additionally, a common question is: "What is my net worth?"

"What Time Is Noon?" by him includes some of the greatest or poorest writings from teenagers.

A sequel is likely to follow, as there is no shortage of material related to money-related topics, often related to a first job or taxes, he said.

Last year, Leighton retired from his corporate career and now devotes his time to creating content for social media as his full-time second act.

The value of learning financial basics

These could be teachable moments, Leighton said, and there has been growing momentum to cover these topics in high school.

According to the latest data from Next Gen Personal Finance, only half of all states require or are in the process of requiring high school students to take a personal finance course before graduating.

Billy Hensley, NEFE's president and CEO, stated that online communities discussing money and finances can be beneficial in the absence of a national or state-wide strategy to teach youth about personal finance in schools. Hensley is also a member of the CNBC Global Financial Wellness Advisory Board.

He emphasized the importance of having an overall strategy for individual financial management.

Numerous research findings demonstrate a robust link between financial knowledge and financial health.

According to a 2018 study by Christiana Stoddard and Carly Urban for the National Endowment for Financial Education, students who are mandated to take personal finance courses from an early age are more likely to opt for lower-cost loans and grants when funding their college education and less likely to depend on private loans or high-interest credit cards.

When students are aware of the financial resources available to help them pay for college, they are even more likely to enroll.

According to data from the Financial Industry Regulatory Authority's Investor Education Foundation, students who take a financial literacy course have better average credit scores and lower debt delinquency rates as young adults.

A 2018 report by the Brookings Institution revealed that higher financial literacy among teenagers is linked to greater asset accumulation and net worth by age 25.

Those with greater financial literacy among adults are more likely to manage their finances effectively, make loan payments on time, and avoid being financially fragile or constrained by debt.

According to research collected annually since 2017, individuals who save and plan for retirement are more likely to do so, as indicated by data from the TIAA Institute-GFLEC Personal Finance Index.