- 98% of parents in Malaysia agree that it is very important to teach their child how to use and manage money.
- Only 47% of Malaysian parents think they have been successful teachers and role models for their child.
- Malaysia's Money Parenting Confidence Index score is 0.67, slightly above the regional average of 0.65
- 98% of parents in Malaysia agree that it is very important to teach their child how to use and manage money. This is higher than the regional average of 95%.
- Many parents are unsure if they are teaching their children successfully. Only 47% of Malaysian parents think they have been successful teachers and role models for their child.
- Malaysia's Money Parenting Confidence Index score is 0.67, slightly above the regional average of 0.65
- Parents perceive many different outcomes from successful money parenting. More than half of Malaysian parents surveyed say the best outcome of money parenting is that 'the child is debt free and has some savings' when they enter adulthood
- 74% of Malaysian parents see the job of money parenting as being the responsibility of both the mother and the father
- When to start - The majority of parents begin teaching basic money management techniques when their child is at a fairly young age — 10 years and under for 67% of parents across the region and 83% in Malaysia. This is usually stimulated by the need to give children money when it becomes a 'necessity'.
- Malaysian parents feel most comfortable seeking face to face help from those close to them: 63% ask advice from knowledgeable friends or family members.
- Many Malaysians also turn to experts for more sophisticated or reliable assistance. 47% ask their financial advisor, 34% turn to their Life Insurance agent, and 33% get bank assistance.

- Eastspring's Money Parenting Confidence Index reveals that parents in Indonesia (0.73), Thailand (0.71) and Vietnam (0.69) are the most confident about the success of their money parenting efforts in the region.
- Conversely, parents in Japan (0.5), South Korea (0.59) and Taiwan (0.61) recorded the lowest confidence, below the regional average of 0.65.
- 43% of parents surveyed want to learn more about money management so that they can be a better role model and teacher. Parents' teaching style is mainly influenced by their own experience and knowledge.
- 35% of parents want to know what other parents are doing to teach their children about money.
- 59% of parents see the job of money parenting as being the responsibility of both the mother and the father.
- In 25% of households, the mother takes a lead role and in just 12% it is mainly the job of the father.
- Very few households 'outsource' the job of money parenting to someone else.
- The majority of parents begin teaching basic money management techniques when their child is at a fairly young age.
- 37% of parents believe children should start to learn how to use money when they are under six years of age.
- 30% believe a child should begin to manage money when they are between seven and 10 years old.
- 14% believe children should start to learn how to use money when they are between 11 and 12 years old.
By PR Newswire