Infographic: The money topics your kids wish you'd talk about
Children crave credit card, banking information
By Kristin McGrath and Juan Rodriguez | Published: May 7, 2013
Nearly three-quarters of parents are having regular conversations about money with their children. Their children, however, don't think these conversations are enough, according to a March 2013 survey from investment firm T. Rowe Price.
While more than half of parents said they included their kids in discussions about shopping and family vacation planning, just 39 percent said they involve them in discussions about family savings goals. And the kids know they're being left out: 64 percent said they knew parents were avoiding talking about family finances with them.
The chart below shows other money topics kids wish their parents would be more open about. They are particluarly interested in credit cards.
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- ID thieves covet SSNs over credit card data – Social Security number breaches are outnumbering credit card data breaches 4 to 1 ...
- Poll shows people use their credit cards for everyday needs – Using cards for to earn rewards and as an emergency cushion are also common ...
- Wallets get thinner as U.S. consumers avoid cash – With mobile apps gaining traction as an accepted way to pay bills and other people, cash is taking up residence in fewer and fewer wallets ...