Survey: Parents More Likely to Talk Money, Not Sex, to Kids

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Parents are more willing to talk to their kids about managing their money than about sex, according to a new CreditDonkey.com survey.

CreditDonkey

Over 1,000 college students were asked if their parents taught them about sex and money. While nearly 63% said that their parents helped them learn about managing their money, only 53.2% said that their parents talked to them about sex.

Survey Results: http://www.creditdonkey.com/parents-talk.html

"Money is no longer the big taboo it used to be," said Charles Tran, founder of CreditDonkey.com, a credit card comparison website. "After decades of stagnant wages, sky-high college tuition fees, and waves of layoffs, it's more important than ever that parents talk to their kids about money -- and parents seem to be aware of this."

Highlights of the CreditDonkey.com survey:

  •     63% said their parents taught them about money management
  •     53% said their parents talk to them about sex
  •     61% said their parents talk to them about drugs
  •     82% said their parents taught them how to drive

Parents’ focus on money appears to be working as the survey reveals:

  •     92.4% said they opened a bank account by age 18
  •     84.7% said they were responsible enough to use a credit card

Visit http://www.creditdonkey.com/parents-talk.html to read the full results.

CreditDonkey.com conducted the online survey of 1,041 college students between August 2 and August 27, 2012.

Parents and college students can visit http://www.creditdonkey.com/student to compare credit card deals tailored for college students. CreditDonkey.com publishes credit card reviews, deals, and tips to help Americans make an informed decision about credit.

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Charles Tran
CreditDonkey
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