Parents Have Powerful Influence On Children’s Financial Behaviors

It is no secret that our parents’ habits influence our own approach to life.  A recent study examined college students’ financial habits, and found a strong correlation between parents who argue about finances and children with irresponsible spending behavior.  The study considered the numbers of credit cards students have, the balances of these credit cards, and the students’ attitudes toward paying minimum payments.  Each criteria measured was worse for those with parents who habitually argued about money.  Read on for the full story.

Parents Have Powerful Influence On Children’s Financial Behaviors (via redOrbit)

Parents need to be good role models to help their children make sensible financial decisions, according to Adam Hancock and his team, from East Carolina University in the US. Their work highlights that parents who argue about finances contribute to increasing credit card debt among their children during…

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