Survey: Moms lead way in discussing family finance

Published on NewsOK Modified: May 6, 2013 at 11:02 pm •  Published: May 6, 2013
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BOSTON (AP) — Who's better at getting a family to talk about money matters, mom or dad? Taking sides probably won't make for a harmonious Mother's Day celebration on Sunday.

Yet 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.

Findings released Tuesday by Fidelity Investments show that moms are often the first to encourage conversation, whether it's about financial security in retirement, caring for an elder or estate planning.

For example, 70 percent of the mothers aged 55 and older reported they'd had comprehensive discussions with their adult children about their ability to cover living expenses in retirement. Just 55 percent of fathers had talked about that topic.


by Michael Baldwin
Reporter
Mike Baldwin has been a sports reporter for The Oklahoman since 1982. Mike graduated from Okmulgee High School in 1974 and attended Oklahoma Christian University, graduating with a journalism degree in 1978. Mike's first job was sports editor...
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