Nearly half of Americans surveyed by the National Foundation for Credit Counseling say they learned more about personal finance at home from their parents than they did anywhere else.
The 2012 Financial Literacy Survey, conducted online in May and taken by 785 respondents, found 44% of Americans picked up their money management skills from their parents (although the same percentage acknowledge that they’ve never compared their parents’ habits with their own). Just 10% said they learned their financial skills at school.
Of the respondents who have compared their financial skills with their parents’, 12% were driven to adopt habits that are the exact opposite. Thirty-five percent said they adopted some of their parents’ habits, while picking up some new ones of their own.