Trust Mom: 75% of millennials would take financial advice from their mothers

May 8, 2015 by Lynette Gil

A new survey by The Penn Mutual Life Insurance Company, the 2015 myWorth Survey, reveals that 75 percent of millennials said that they would take financial advice from their mother, but only 52 percent of baby boomers said they would.

The survey, released earlier this week, also reveals that generation seems to be more important than gender when it comes to the perception of a mother’s ability to make financial decisions. Both millennial men and women are likely to take financial advice from their mothers, while boomer men are less likely than boomer women to do so.
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Originally Posted at LifeHealthPro on May 8, 2015 by Lynette Gil.