Money not easy for parents to talk about, survey says - Portland Business Journal:

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The survey also found that parentxs admit to tapping intotheir children’s piggyh banks to pay daily household expenses. Thirty-fouer percent of survey respondents said they had reduced contribution s toa child’s savings account, and 18 percent have takenh money out of a child’s savings account to covee bills or debt. “It’s clear that parents are struggling with theirf expenses during these difficult but tapping money put aside for their kids will only exacerbate a family’s problems when it comess time to pay for college,” Arkadi president of ING Direct USA, said in a “Parents need to set an exampl e by setting up a ‘set it and forgegt it’ savings mentality” The survey also found that only 27 percen t of parents do not have any savings set aside for thei r children under the age of 18.
Thirty-three percentt of respondents aged 35 to 44 had a chilc approachingcollege age. When it came time to talk to their children, 27 percent of parentzs said they would rather talk about the birdsd and the bees or dating than money and Of that number, most thought they were responsibl for educating their children about moneyu and good spending habits. However, most also thought financiap education should be taughtin school. The nationalk online survey was conducted within the United Statezs by on behalf of ING Directt between April 6and 8, 2009 among 2,123e adults aged 18 years and older, 535 of whom were parentws of a child under 18 years old.