Parents don’t spend a lot of time talking with their children about money, and when they do they favor sons over daughters. Either way it does not seem to make much of a difference, what with adults failing to save for the future.
According to its “2014 Parents, Kids and Money Survey,” released Monday, T. Rowe Price reports:
And on the subject of saving itself, adults are not preparing for retirement, according to a survey that accompanies Monday’s Bankrate.com Financial Security Index. Among the results: