Moms Know How To Talk Money
Maybe you’re financially empowered and you love talking about money but for many, the thought of bringing up complicated and sensitive financial affairs with our parents is a world of not fun.
If you’re the adult child of baby boomers you probably know that our mothers, many of whom were given a handful of career choices (if they were lucky enough to have post-secondary education) are kicking butt financially as a generation. And often they’re the ones who know how to talk about money in the family. Go moms, eh?
A survey by a financial services company found that adult children are more likely to have “comprehensive discussions” about money with their moms than their dads. One reason is that moms are more often the “empathizer” in the family: basically, the ones who have always talked about the hard stuff. In the study:
- 79 per cent of moms had talked about wills or estate planning with their grown children, compared to 69 percent of dads.
- 64 per cent of moms said it is “not at all difficult” to start conversations about money matters such as saving and investing with their kids, compared to 54 per cent of dads.
So what are you waiting for? If you’re lucky enough to have a good mom still around, go get her something nice this Sunday. She earned it. Besides, one day we’re going to have to talk to our own adult kids about this stuff, and she’s showing us the way.
source: Associated Press