Top money lessons dads can teach their kids this Father’s Day

Personal Finance


Fathers shape their children’s financial life.

To that point, 56 percent of people said their fathers influenced their retirement savings and 62 percent said their retirement plans are similar to their dads’ strategy, according to a John Hancock Retirement Services survey of 1,007 Americans adults conducted in late April.

Paternal influence cuts both ways. A recent T. Rowe Price analysis found that people who have declared bankruptcy were more likely to have kids who do not save any money, compared to the children of people who didn’t declare bankruptcy.

Dads can raise their personal finance game this Father’s Day. Kerry Hannon, author of “Love Your Job: The New Rules of Career Happiness,” shared with CNBC’s “On the Money” about the best money lesson her father, Jack, who passed away nine years ago, taught her.



Source link

Products You May Like

Articles You May Like

Yelp’s second-quarter profit tops expectations as ad revenue jumps
COO Dennis Woodside stepping down
Goldman Sachs downgrades Intel shares to sell due to its chip ‘manufacturing issues’
Macy’s earnings q2 2018
After aborted Rite Aid deal, Albertsons faces rocky path

Leave a Reply

Your email address will not be published. Required fields are marked *