A new survey conducted by Vanguard Canada reveals that financial pressures in households are affecting children, with 70% of financially stressed parents admitting their children hear about money at home. ^[1] A survey released by Vanguard Canada found that parents who talk to their children about financial issues pass along a deeper understanding of concepts such as using credit cards and maintaining bank accounts. ^[2] 88% of parents believe that significant financial conversations only take place when their children are between 15 and 18 years old, which is after attitudes have already been shaped. ^[3] Among financially stressed parents, 68% feel pressure to hide their financial worries from their children, and 36% completely avoid talking about money at home. ^[4] Children who are exposed to conversations about money at home are nearly four times more likely to be anxious about finances compared to their peers. ^[5] Among those who self-identified as financially stressed, 68 per cent said they feel pressure to hide their worries from their children, while 70 per cent of these children are overhearing stressful conversations about money matters anyway. ^[6] Parents who clam up about financial matters risk passing along a double whammy of challenges, making their children less likely to understand basic financial concepts and five times more likely to feel anxious about financial matters. ^[7] Sal D'Angelo, who leads Vanguard's product and marketing teams, stated that not talking about money is not helping and that it is relevant for the current times. ^[8]