The parents of baby boomers avoided talking about money while millennials’ parents (the baby boomers themselves) dive into the conversation, preparing the next generation for success. In a recent study, the boomers report putting more value on having the “money talk” in order to be open about finances. Nearly three-quarters of millennials say that their parents openly discuss money with them, confidently allowing them to make critical financial decisions. Each new generation has the ability to shape the financial future with the continuity of ever-evolving goals, innovation, and technology.
See Michelle Seitzer & Lauren Coulston, What Gets Millennials and Boomers Talking?, Chase, October 13, 2016.
Special thanks to Naomi Cahn (Harold H. Greene Professor of Law, George Washington University School of Law) for bringing this article to my attention.
