As Mother’s Day approaches on Sunday, Americans will be reaching out to dear old mom with flowers, cards and, for those still in grade school, some heinously ugly arts and crafts. A Fidelity Investments study released this week indicates adult children might be reaching out to her for financial advice, too.
The Fidelity study finds that noticeably more mothers than fathers have had comprehensive conversations about savings, planning and retirement with their adult children. Sixty-four percent of mothers surveyed say it is “not at all difficult” to start a conversation with their children about investments and savings. Only 54% of fathers say the same.
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