By Patrick Baron

BLOOMINGTON – A Country Financial Security Index survey has revealed 63 percent of Illinois respondents trust their father’s financial advice.

The findings show that Americans trust family members, particularly parents and spouses, when it comes to financial matters. Country Financial representative Brad Wurth explained

“Some of the younger respondents were more dependent on their father’s advice,” said Wurth. “As they got a little bit older, in the demographic from ages 18-34 we only had about 34 percent of respondents turn to their father for money advice.”

Wurth also said parents should teach their children financial responsibility at a young age. Discussing the basic concepts of personal finance and decision making early can help kids get ahead of the game, according to Wurth.

“The sooner, the better,” Wurth explained. “The sooner you start working with your children and setting those good examples, whether it’s through rewards and things that are given for work they are doing, or just being a good example.”

As the survey results show that children are listening when parents have conversations about finances, Wurth suggested involving the kids in the conversation – it’s never too early to learn financial responsibility.

Patrick Baron can be reached at [email protected].