One in three parents are shirking conversations about money with their kids – because they don’t want them to make the same mistakes they did.
A poll of 2,000 parents with children aged between 10 and 20 found 85 per cent worry they will give their offspring bad financial advice.
As many aren't confident when it comes to investing (29 per cent) budgeting (25 per cent) and credit scores (23 per cent).
While 21 per cent have struggled to discuss saving for university with their kids.
It also emerged 51 per cent want to give their children the best footing in life financially but feel like they aren’t qualified to pass on what they need.
The research was commissioned by Skipton Building Society [https://www.skipton.co.uk/financial-advice/financial-planning-explained], part of the Skipton Group, which has teamed up with TV presenter and finance expert Tayo Oguntonade to provide parents with insight about how to broach the subject.
