Americans Would Rather Talk About Death Than Money
They say money talks, but the same cannot be said about those who hold it. Somewhere between pride and embarrassment, society labeled money as a taboo subject. In fact, there are several other sensitive topics that more than half of Americans would rather discuss.
According to a new survey from Wells Fargo, 44 percent of Americans said the most difficult subject to talk about was personal finance. In comparison, death (38 percent), politics (35 percent), religion (32 percent), taxes (21 percent), and personal health (20 percent) all ranked as less difficult. About a third of respondents admitted to having difficulty discussing money with their significant others, while a quarter said they had heated discussions about household finances. The survey polled more than 1,000 adults between the ages of 25 and 75.
“It’s not surprising people don’t want to talk about money, investments, tax strategies, or even how much to put aside for a child’s education,” said Karen Wimbish, director of Retail Retirement at Wells Fargo. “But not spending time today to think about the future can be costly in the long-run. I think of personal finance in the same vein as my health — I wouldn’t keep concerns about my physical health private. I’d consult a doctor or talk to a friend or family member about it.”