Should Moms Manage the Money?

In her new book, author Kimberly Palmer argues: Moms should be in charge of the management of household finances. All of them. Always.

A new book makes the case that women should model financial skills for their children — and many will need those skills someday because they are likely to outlive their husbands.

Why?

First, women tend to be better investors. Studies have shown that men have a bit too much confidence and take a bit too much risk. …

Second, when mothers are the money leaders in the household, children take notice. …

Finally, many women will have to be in charge of the money sooner or later, so having some experience as the primary household money manager is essential. …

Source: Should Moms Manage the Money? – The New York Times