Survey data, research and resources
LAS VEGAS, February 12, 2021 / PRNewswire / – To raise awareness of the connection between love and money, the National Council of Financial Educators launched Love and Money Month. Each year during the month of February, we will provide new research and data that will help us better understand the impact of money on our relationships; and offering resources to help others improve their relationships through financial empowerment.
Foundation of the NFEC Month of love and money raising awareness of how finances can affect our loved ones and empowering people to support them toward healthier relationships and financial situations.
The NFEC divides this campaign into three distinct areas: romantic relationships, relationships between parents and adult children and relationships between parents and young children.
Investigative Relationships and Money
We asked 1,484 respondents between 29 januarye and February 2nd “Who can you comfortably talk to about your personal finances?”
Results: 48.1% None of these, 27.8% Romantic partner, 10.1% Parents / guardians, 8.9% Siblings / extended family, 5.1% Friends / colleagues. See full results on: https://www.financialeducatorscouncil.org/money-and-relationships/
You’ll also find data from previous surveys that provide insight into these areas: How people felt money affected their romantic relationships. If individuals are attracted to financially similar people. The general tone of financial conversations with our loved ones.
Resources on romantic relationships
In addition to the survey, the NFEC also provides additional resources to help people in a romantic relationship. Several guides are included: 1) Cost of Dating Life Events – A guide to help people plan for costs at different stages of a relationship. 2) Couples Money Talks – A Guide to Helping People in Romantic Relationships Communicate Effectively Through the 5 Different Stages of the Relationship. Access these guides at: https://www.financialeducatorscouncil.org/love-and-money-month-romantic-relationships/
Relationship between parents and adult children
Building on the theme of love and money, the NFEC provides resources and data that highlight the financial intertwining of parents with their adult children. This year’s data focuses on caregiving. Since nearly one in three adult children provide financial support to their aging parents, relatives should discuss this topic early.
To facilitate discussion, the NFEC provides conversation starters and advice for families.
Relationship between parents and young children
With half of the parents helping their adult children financially (The bank rate), it is essential to encourage parents to shape positive financial behaviors and equip children with the skills to become independent adults.
During the month of love and money, we offer resources and data for families with children. One of the goals of this campaign is to encourage families with children to take proactive steps to raise self-sufficient children who are not only able to meet their basic needs, but also on track to live fulfilling lives. and fulfilling.
“We invite anyone looking to strengthen their relationships and their finances to participate in Love and Money Month. Make February time to have those money conversations you know are important. CEO of NFEC Vince shorb
Love and Money Month is part of Mission of the National Council of Financial Educators to give people knowledge and advice to achieve greater financial well-being. We accomplish this mission by empowering financial wellness champions around the world to help community members work towards financial health. The goal is to create a world where everyone is informed to make safe and qualified financial decisions.
National Council of Financial Educators SOURCE