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News Summary: Moms lead way in talking about money

Published on NewsOK Modified: May 6, 2013 at 11:04 pm •  Published: May 6, 2013

LET'S TALK: A survey by a financial services company found that mothers clearly have the upper hand over fathers in getting the discussion started with their adult children about money. Findings released Tuesday by Fidelity Investments show that moms were more likely to initiate conversation on family finances.

CONVERSATION GAP: Seventy percent of the mothers reported they'd talked with their adult children about their ability to cover living expenses in retirement. Fifty-five percent of fathers had talked about that topic.

STUDY PARTICIPANTS: The total sample recruited for the study included 975 parents who were 55 years or older.