About 95% of parents say they are confident that their children will achieve their financial goals, but only 5% of young adults express that kind of confidence about themselves.
Wells Fargo & Company, San Francisco, has published those figures in a summary of a recent survey that included 1,000 parents, and 600 of those parents’ adult children.
The children who participated were ages 18 to 22.
Although the children expressed less confidence about their personal finances, the parents expressed more concern about the economy.
- Only 22% of the young adults were afraid of not having enough money to finish college, compared with 46% of the parents.