“Our parents are often our first teacher and most lasting example of how to manage money. A new study, however, suggests that parents are talking to boys and girls about personal finance in different ways, and it might be responsible for shaping habits and expectations that can last a lifetime.
According to a survey of 1,000 parents conducted by Giftcards.com, respondents were more likely to teach their daughters fiscal restraint, while their sons were more likely to be taught about building wealth. For example, 61% of boys received a lesson from their parents on credit scores by the time they reached high school, compared with 46% of girls. Boys were also 9% more likely to be taught how to pay taxes, 5% more likely to be taught about bank accounts, 3% more likely to be taught about credit cards, and 2% more likely to receive an education on investing.”