Although the study shows that parents are not lacking in knowledge and practical skills, only 3 in 10 parents regularly discuss finance with their children (29%), and 11% do not raise the subject at all. There is also a clear age dependency in this area, with 21% of parents having frequent discussions with their children aged 3-7, 32% with children aged 8-14, and 38% with teenagers (15-17). At the same time, of the parents of the youngest children, as many as 22% say they do not discuss finance with their children at all. In the case of older children, the respective percentages are 3 and 4%.
Interestingly, the most common situation when parents decide to talk about money is the child’s request to buy something that the parent does not want to buy, especially among parents of 3-7 year olds. In the case of children over the age of 8, planning to spend more money on equipment for the child, such as a computer or mobile phone, is also a reason to talk about the household budget. For 40% of families, joint trips are a good opportunity to talk about finances.