Santa may know if you’ve been bad or good, but does anyone else get full disclosure – at least where money is concerned? Take a look at these facts, taken from the T. Rowe Price 2015 Parents, Kids & Money Survey:
- 34% of married parents have accounts their spouse is unaware of. Among parents who argue occasionally or frequently about money, that percentage jumps to 47%.
- 82% of parents think they set a good financial example for their kids, but
- 47% have told their kids they could not afford something when they actually could.
- 32% have lied to their kids about money.
- 28% sometimes take money from their kids’ piggy banks.
- 55% of parents say they “never” talk to friends about money.