Young adults significantly more likely to talk about money with their parents than past generations
- Three in four 18-24-year-olds spoke to their parents about money matters when they were growing up.
- This compares to just 43% of those 65 or over, 52% of 55-64-year-olds and 58% of 45-54-year-olds.
- Lower income households are least likely to have talked about money with their parents.
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Notes to Editor
Royal London commissioned research agency Cicero/amo to undertake a nationally representative survey (by age, gender, and region) of 3,042 adults in the UK. Fieldwork was conducted between 13th – 24th May 2022
About Royal London
Royal London is the largest mutual life, pensions and investment company in the UK, with assets under management of £147 billion, 8.7 million policies in force and 4,232 employees. Figures quoted are as at 31 December 2022.
Learn more at royallondon.com
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