Moms are apparently the ones talking to the kids about “everything from having good credit to starting to save early in life for retirement,” the study says. (Photo: Shutterstock)
Most Americans investing for retirement say they wish someone had talked with them about saving and investing when they were teens or young adults—and mothers seem to be carrying out those wishes more than fathers, according to a survey from Capital Group.
According to the survey, people most wished their younger selves had gotten advice about saving for retirement and 401(k) tips; advice on debt, credit cards and living within your means; and general knowledge about the stock market and how investing works.
In particular, 45 percent of women wish they'd been taught more about retirement savings and 401(k) tips—that's considerably higher than the 33 percent of men who regret the lack of such advice.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
