Children Worry About Parent’s Debt
Although you may think that you are good at hiding money worries away from your children, it seems that they may instinctively know when you have debt management problems.
According to research by American Express, 90% of children said that their parents seem”stressed”. One in four further believe that the reason for their parents stress is due to household finances.
The stress which these children are witnessing is changing their outlook on life, as 87% of children would live their lives differently when they grow up. 20% of those polled would want to work in a less stressful and hardworking environment than their parents.
Chris Rolland, head of American Express Insurance Services, said: “Families are under an increasing financial burden and it seems that kids are wising up to the pressures their parents are facing.”