Share this article
Share this article
BALTIMORE, April 21, 2021 A new study from T. Rowe Price provides a look at how the coronavirus pandemic has impacted families financial well-being, compelling more parents than ever to have conversations regarding money matters with their children. Further, the study shows how the pandemic has exacerbated existing racial inequalities, including the racial retirement savings gap.
T. Rowe Price s 13th annual
, which sampled more than 2,000 parents and their 8- to 14-year-olds, reveals insights into the pandemic s impact on different families. The findings suggest that parents feel increased urgency on the need to have money conversations with kids.