Story perspectives

Parents Embrace Financial Transparency with Kids Amid Rising Costs

4/11/2026

Summary

Story summary

An Intuit survey finds rising costs push U.S. parents to discuss finances more openly with their children.
About 64% of parents with kids under 18 report being more transparent about financial management.
Brad Klontz, a financial psychologist, says that children who learn about money early develop healthier financial habits.
Klontz says parents should explain their spending choices and saving strategies to instill financial values in their children.

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Story summary

An Intuit survey finds rising costs push U.S. parents to discuss finances more openly with their children.
About 64% of parents with kids under 18 report being more transparent about financial management.
Brad Klontz, a financial psychologist, says that children who learn about money early develop healthier financial habits.
Klontz says parents should explain their spending choices and saving strategies to instill financial values in their children.