Parents’ and Children’s Money Survey: Parental Influence on their Children’s Future Finances

Childhood influencers are often root contributors to an adult’s financial situation. A person’s upbringing has important impact on his or her financial knowledge, behaviors, sentiment, and overall situation.

Parents are among the top financial influencers on a child’s life; yet the data show that most parents need help to better prepare their children for the financial realities of life.

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Parents Play an Important Role in Developing Areas that Prepare Youth for Financial Self-Sufficiency

Results (April 2019)

 

Which Parent Taught You the Most About Money and Personal Finance?

1200 Respondents

 

28.1%

Neither

24.0%

Father

47.9%

Neither

Rate the Types of Financial Habits and Behaviors You Picked Up From Your Parents

1208 Respondents

 

31.6%

Very Positive

21.3%

Somewhat Positive

32.1%

Neutral

6.9%

Somewhat Negative

8.1%

Very Negative

Rate How Well You Feel Your Parents Prepared You for the Financial Realities of Living on Your Own.

1208 Respondents

24.9%

Very Prepared

22.1

Somewhat Prepared

24.1%

Neutral

9.4%

Somewhat Unprepared

19.5%

Very Unprepared

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Parents

 

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