Interesting survey on life lessons being taught

I read this interesting press release from Bank of America. Here are a few of the key points.


Today, Bank of America released findings from its Merrill Lynch Affluent Insights Survey™, a report examining the values, financial priorities and concerns of affluent Americans.


When asked what life lesson they believe to be most important to impart onto their children

• (48 percent) of affluent parents cited “financial know-how”
• choosing the right spouse/partner (36 percent)
• choosing the right career path (24 percent)
• staying physically fit (17 percent)

In fact, 57 percent begin discussing financial matters with their children before the age of 12, and 85 percent before the age of 18.


The article continued with additional interesting findings regarding thoughts on retirement, health care and the current economic environment. It is a pretty good read.