Mothers more likely to be asked for financial advice from their offspring than fathers, survey finds

Mothers are more likely to be asked for financial advice from their offspring than fathers, survey reveals

  • About one in 12 people would seek money tips from their mum but only one in 14 would turn to their dad, according to a new survey by Hargreaves Lansdown 
  • Yorkshire and the Humber residents are most likely to seek advice from mum  
  • The survey also found that women are more likely to ask for advice than men

By Daily Mail Reporter

Published: 01:02, 6 January 2021 | Updated: 01:17, 6 January 2021

Mothers are more likely to be asked for financial tips than fathers, a survey has found.

About one in 12 offspring would seek money guidance from their mum, while only one in 14 would turn to their dad.

The survey was conducted by Hargreaves Lansdown, a financial services company.

People living in Yorkshire and the Humber are the most likely to seek financial advice from their mother, the poll of 2,000 people across Britain found, with 12 per cent saying they would.

They were followed by the West Midlands and Scotland (10 per cent).

Mothers are more likely to be asked for financial tips than fathers, a survey has found.

About one in 12 offspring would seek money guidance from their mum, while only one in 14 would turn to their dad [Stock photo]

Mothers more likely to be asked for financial advice from their offspring than fathers, survey finds

Women are more likely to ask for tips on money than men, according to the findings.

However 42 per cent of women said they would not ask anyone, compared with 47 per cent of men [Stock photo]

Women are more likely to ask for tips on money than men, according to the findings.

However 42 per cent of women said they would not ask anyone, compared with 47 per cent of men.

Sarah Coles, personal finance analyst for Hargreaves Lansdown, said organisations such as Citizens Advice, the Money and Pensions Service, and Pension Wise can help with guidance on money matters.

She added: ‘If guidance isn’t the answer, and you need advice, the only people qualified to give it are financial advisers

‘It’s worth taking the time to track down the kind of advice that’s right for you’.

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