Tweens understand the value of a dollar.

• Position: National

Children between the ages of 9 and 12, known as tweens, understand the advantages of savings money, according to a study by the AICPA and Weekly Reader Research.

The study was conducted to gauge tween attitudes toward money and savings.

Highlights from the study include:

* 59 percent of tweens would save at least $50 if they received $100 as a gift

* 53 percent of tweens have savings accounts

* 56 percent of tweens earn a weekly allowance, mostly by doing household chores, with a $7.35 average allowance

* 18 percent of tweens spend all allowance

* 18 percent of 12-year-olds have a job outside the home

* 24 percent of tweens report that their parents enforce the rule of saving

* 31 percent said their...