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Stock impact report

Mom, CFP: New Varo Money Survey Reveals That When Americans Need Financial Advice, They Come to Mama

The Bancorp, Inc. (TBBK) 
Last the bancorp, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.thebancorp.com
Company Research Source: PR Web
SAN FRANCISCO (PRWEB) May 09, 2018 Mobile banking company Varo Money, Inc. has announced the results of their "Mom: CFP" survey. The survey of more than 1,000 U.S. adults age 18+, conducted by Propeller Insights on behalf of Varo Money in March 2018, determined that Mom is the go-to financial advisor of many Americans and that many people rely on their parents for some form of financial support well into adulthood.Mom, Certified Financial PlannerMost American adults (60%) have a "money mentor" of some kind, and Mom is at the top of the list. When it comes to getting financial advice, Americans will turn to their mother (23%) over a professional financial advisor (13%) or their father (19%). The figure was even higher among Millennials (35%) and women (28%). Many Americans also turn to their significant other for financial advice (23%).Almost three-quarters of Americans (74%) say their parents are good at managing money. It's an important skill, because about half (48%) of Millennials Show less Read more
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