Question of the Day: What percent of families have money conversations with children at least once a week?
Answer: 47%
Questions:
- How would you answer this question about your family?
- If you answered yes, what are the type of money conversations that your family might have?
- What do you think are the reasons that 10% of families never talk to their children about money?
- How does this percent compare with the 2020 pre-pandemic survey? Why do you think there was such a big change in 2021's results?
Behind the numbers (T. Rowe Price survey):
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Looking for more current events resources, be sure to check out NGPF's FinCap Friday with over 100 timely videos and quizzes to engage your students.
About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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