Parents Spend More Time Talking About Money With Boys Than Girls
"Girls are trailing boys in markers of financial fluency at young ages — at least according to a survey from Baltimore-based investment manager T. Rowe Price Group Inc," the Baltimore Business Journal reports.
"A gender gap exists between boys and girls when it comes to discussing finances and feeling confident about money matters. Boys are more likely than girls to say they talk with their parents about financial matters and also more likely to report feeling smart about money, according to newly released data from T. Rowe's annual Parents, Kids and Money Survey. The survey includes responses from children ages 8 to 14 and their parents.
It found that 58 percent of boys said their parents talk with them about financial goal setting compared to only 50 percent of girls. That might be tied to a confidence gap, as 45 percent of boys felt smart about money versus just 38 percent of girls. ...
All of this can be tied into college savings, as children of both genders are significantly more likely to save for college if they've talked about it with their parents. About 58 percent of children whose parents frequently discuss college savings with them said they were saving for post-secondary education. Just 23 percent of children whose parents don't frequently discuss college savings said they were stashing away money for higher education."
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