I Love You, I Spend a Lot [INFOGRAPHIC]

It seems you can’t turn on the news without hearing at least one story about money. Saving, spending, debt, budgeting…the topic of finances is everywhere, except, however, in the homes of consumers. According to a recent Harris Interactive survey conducted on behalf of the AICPA to promote the new consumer book Save Wisely, Spend Happily, only 14% of Americans identify financial problems as something they would feel comfortable discussing. What’s more, 28% say they have no one to ask for financial advice. When it comes to family and finances, shouldn’t loved ones be allies?

With Valentine’s Day upon us, now may be a perfect time for your clients to give their loved one the gift of an honest talk about money. So often we feel the pressure to splurge, especially around the holiday of love, but rash spending can frequently cause more harm than good. To help uncover some of the money struggles that Americans are facing today, the AICPA’s 360 Degrees of Financial Literacy program has released a new infographic titled Money Secrets, which offers an inside look at the taboo topic of finances and why Americans don’t seem to talk about it. We encourage you to share this infographic with clients, family and friends through your personal social media accounts, or your business or firm’s communications channels. 

Have you witnessed financial secrets within families? How do you encourage financial honesty to your clients?