Sunday was Father’s Day, and there are plenty of reasons why we should be celebrating dad, and that apparently includes his financial wisdom.
A new Lending Tree poll finds that 43% of people say they rely on their dads when they need financial advice, with 23% of people actually more likely to go to dad to talk about money than a financial consultant (14%).
And it’s pretty apparent dads play a huge role in their kids financial futures, with 49% of people saying their fathers are their financial role models, and 56% saying their dad is the reason they developed good money habits.
As for the advice most people go to dad for, 64% say they went to them for advice on buying a car, while 38% looked to dad for help making a budget, and 37% went to them for career advice. Other areas we go to dad for advice include:
- Buying a house (27%)
- Retirement savings (23%)
- Getting a credit card (20%)
- Investing (19%)
- Negotiating a salary (16%)
Source: Lending Tree