Inflation and savings: 7 in 10 Americans nervous about rising cost of living

NEW YORK — More than half of Americans feel they handle their finances better than their folks. A survey of 2,000 adults looked at how different generations perceive money and finds that 58 percent believe they’re better financial managers than their parents.

Despite this, 65 percent still admit being uncomfortable when talking to them about money. This may be because 59 percent feel their parents have previously judged their financial habits. However, that isn’t stopping people from achieving their financial goals or teaching others about their hits and misses.

Almost six in 10 say they’re confident enough in their financial habits to pass them down to their children (58%).

Conducted by OnePoll on behalf of BOK Financial, the study reveals that 77 percent of people are confident in their ability to save money — especially millennials (86%). Meanwhile, 60 percent of Gen Xers admit that they lack the skills when it comes to saving a dime.


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