Culture Post: Parents Dish Out Plenty of Financial Tips, But Kids Only Listen Half the Time

The following is excerpted from an online article posted by StudyFinds.

In today’s increasingly complex financial landscape, American parents are working overtime to prepare their children for fiscal responsibility — offering an average of 114 pieces of unique financial advice annually. However, there’s a catch: their children are only listening about 54% of the time!

A new nationwide survey polled 5,000 American parents over 30, with equal representation across all 50 states. The findings paint a picture of parents navigating the challenging waters of financial education in an ever-evolving digital age.

According to the survey results, children typically seek financial guidance about four times monthly, while parents proactively offer unsolicited advice roughly five times per month. But how confident are parents in the financial wisdom they’re sharing? The results are mixed: 36% report feeling “very” confident, while 34% are only “somewhat” confident in their financial recommendations.

When it comes to specific financial topics, parents feel most at home discussing traditional money matters. Budgeting tops the list, with 55% of parents expressing confidence in this area, followed by managing savings options (52%) and credit card navigation (41%). Understanding debt and credit scores both garnered 32% confidence levels.

Source: StudyFinds
https://studyfinds.org/parents-financial-tips-kids/

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