It's Time to Talk About Taboo Money Topics with Your Kids

Alamy While a recent survey by Citi (C) shows that nine out of 10 parents teach their kids about money and 59 percent say they talk to their kids about personal finance, there are still a few financial topics that parents prefer not to discuss. "Our survey findings showed that most parents have begun discussing finances with their children before age 13, and nearly half of respondents said that sensitive financial topics are not off-limits for conversations with their children," says Linda Descano, a personal finance expert with Citi. "However, the topics that most respondents found off-limits were 'the amount of money I make' (with 28 percent believing this was off-limits), 'the amount of savings we have' (27 percent) and 'the amount of debt we have' (26 percent)."