New study: Moms are better at having "the" talk - CBS46 News

New study: Moms are better at having "the" talk

Posted: Updated:

According to a new study, mothers tend to have more success in talking to their adult children about financial planning than fathers.

The study showed that there were significant communication gaps between mothers and fathers and their adult children when discussing financial issues such as the ability to cover living expenses in retirement, and health and eldercare.

The study showed that mothers tend to take on the role of the "empathizer."

Sixty-four percent of mothers surveyed say it is "not at all difficult" to start a conversation with their child about savings and investments.

54-percent of fathers see themselves as the "pragmatist" when having financial conversations with their adult children.

The fidelity study says part of the reason that women take a larger role in conversations about financial topics is because women, in general, tend to control the bulk of household finances.

The new findings are part of the intra-family generational finance study that fidelity investments conducted across its pool of investors.

Copyright 2013 CNN. All rights reserved.

Powered by WorldNow
CBS Atlanta
Powered by WorldNow
All content © 2000-2014 WorldNow and WGCL-TV. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.