Business

50% of parents discuss money

ONLY half of parents regularly discuss money with their children, with many adults saying they lack the confidence to do so, according to a government-backed body. The Money Advice Service (MAS) found that just 52 per cent of parents often chat to their children about financial matters. Those who said they found broaching the subject uncomfortable tended to say that children should not have to worry about money, that they felt awkward discussing money or that their own parents had never given them any money advice. Parents most commonly started equipping their children with money skills at the age of eight years old, at around the same time their child started to receive pocket money.