Financial dialogue in the family: openness versus taboo in communication about money

Financial communication within the family represents a significant yet often overlooked aspect of everyday life. This bachelor's thesis explores how openness or, conversely, the tabooing of the topic of money within the family environment influences the process of financial socialisation among young people. It focuses on how attitudes towards finances, money-handling skills, and levels of financial self-confidence are formed. The thesis employs a mixed research design, combining quantitative questionnaire surveys with qualitative interviews. The findings show that regular pocket money and open dialogue between parents and children strengthen not only basic financial skills but also self-confidence in financial decision-making. In contrast, a lack of communication or unclear rules often lead to uncertainty and the need to compensate for financial knowledge later in adulthood. The thesis provides new insights into the role of the family as a key environment for shaping financial attitudes and offers recommendations for practice in education and parental guidance.