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Talking about Drugs is Easier than Talking about Credit

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Market Issues by Jeff Mandel and Marlin Brandt

RISMEDIA, November 23, 2009—In the United States, only 39% of all parents feel prepared to discuss drugs and alcohol with their teens. Sadly, less than that feel knowledgeable enough to discuss money or finances with them. Based on a recent study, nearly six in ten parents (60%) find talking to their kids about credit increases family anxiety while only 28% say it alleviates the stress. Most parents indicated that their lack of good knowledge about effectively managing their own credit was one of the main reasons for not discussing credit with their children.

Compounding the challenge, high schools and colleges

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