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T. Rowe survey: Boys get more money attention

Additional findings from T. Rowe Price’s 2014 Parents, Kids & Money Survey reveal a gender gap between boys and girls when it comes to money matters. The survey of 8- to 14-year-old children by the Baltimore-based money manager found that parents are more likely to speak with boys about setting financial goals — 58 percent of boys report such conversations, but just 50 percent of girls. A higher percentage of boys feel they’re smart about money (45 percent to girls’ 38 percent). Among parents with one child, 80 percent say their boy understands the value of a dollar, compared with 69 percent of parents with a girl. Twice as many boys have credit cards (12 percent to 6 percent). According to the kids’ responses, parents also are more likely to put away money for college for boys (53 percent versus 42 percent of girls).

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