Survey reveals parents' financial insecurity hinders money talks with kids, despite desires for better education.

A recent survey of 2,000 parents found that 85% are hesitant to discuss money with their children due to a lack of confidence in their own financial skills, particularly in areas like investing, budgeting, and managing credit scores. Despite this, 76% of parents wish they had received more financial education and 50% want to give their children a strong financial start. Skipton Building Society, with finance expert Tayo Oguntonade, is providing guidance to help parents start these conversations, emphasizing the importance of equipping children with financial knowledge for a better future.

November 29, 2024
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