Most Folks Go To Dad For Financial Advice

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

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