Parents, be careful how you act around your children. Children may listen to what you say, but they'll be more influenced by what you do.
This maxim also appears to apply to attitudes toward debt. According to a study recently released by the National Bureau of Economic Research (NBER), children have a strong tendency to follow their parents' attitudes about debt.
The study, which took place in Sweden, found a strong correlation between the attitudes of children and parents regarding debt – although the study also found attitudes to be changing over time. While 56% of respondents claimed to be uncomfortable with debt, 62% said their parents feel uncomfortable with debt.
Women were more uncomfortable with debt than men in both generations, yet both men and women were more likely to discuss their financial situation with their mothers instead of their fathers. Consequently, the correlation for transmitting debt philosophies to children was greater for wom...
from MoneyTips https://www.moneytips.com/racking-up-debt-blame-your-parents/519
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