Family Financial Influences Interview with Bloomberg Radio
CreditCards.com Senior Industry Analyst Matt Schulz spoke on Saturday, May 9, 2015 with Ben Parker of Bloomberg Radio about the results of the May 2015 Biggest Financial Influences survey. The interview and transcript are below.
Ben Parker: As Americans celebrate mothers this weekend, it’s time to reflect on mom’s influence in our lives. A new survey from CreditCards.com finds mothers play a varying role in financial influence, and part of it is based on how old we are.
Matt Schulz: Millennials say that their mother influenced their finances more than any other family member, but mom only ranks fourth among people who are 50 or older.
Parker: Matt Schulz is Senior Industry Analyst at CreditCards.com and says 31% of Millennials give mom the top spot when it comes to family members who most influence their finances, a much higher number than Boomers, but Schulz says times have also changed.
Schulz: Moms are playing a different than they did a generation or two generations ago. One of those roles is financial guru now.
Parker: No knock on mom, but Millennials aside, the most popular family financial influence? One’s own self.
Schulz: And that makes sense because self-reliance is as American as mom’s apple pie.
Parker: Finances aside, there’s still plenty to thank mom for. From the Bloomberg Newsroom, I’m Ben Parker.