“Parents signal their attitudes about money, either through purposeful and explicit messages or in unconscious ways. Meanwhile, children learn the behaviors that take them into adulthood by observing what parents do. These observations can override financial knowledge in shaping behavior.” The Squared Away Blog features a research summary by Dr. Sonya Britt, a certified financial planner and associate professor at Kansas State University, who explains some of the parent-child dynamics that affect money management behaviors. Check it out to see how you are affecting your children or were/are affected by your parents at: http://squaredawayblog.bc.edu/squared-away/parents-pass-bad-money-habits-to-kids/
Source: Financial Planning for Women