Mom wears a lot of hats—therapist, nurse, chef, chauffeur—but for many Americans, financial advisor isn't one of them.
Asked about their biggest familial financial influence, 28 percent of adults named … themselves, according to a new CreditCards.com survey, which polled 1,000 adults. (Tweet This) Mom merited a distant second with 16 percent of the vote, followed by a two-way tie between Dad and spouses, which each got 14 percent.
Demographic breakdowns didn't favor Mom, either. Only 14 percent of college graduates named her a top influencer, according to the survey, as did consumers earning at least $75,000 per year. Only 10 percent of Republicans chose Mom, versus 20 percent of both Democrats and Independents.
Don't despair, though, Mom. The trend speaks to how Americans' value self-reliance—which the kids likely learned from you, said Matt Schulz, senior industry analyst for CreditCards.com. "It's how we see ourselves," he said.
Plus, younger kids may still place a high value on your financial input. Ironically, millennials, the generation known for its selfies, were the only age subgroup that didn't pat themselves on the back—31 percent said Mom was their biggest financial influence. Older adults were more inclined to pick themselves. A fifth of those ages 30 to 49 did, and 36 percent of those 50 and older.
Other reports have found Mom a clear favorite for kids still in the nest. In a 2014 T. Rowe Price survey of 924 kids age 8 to 14, 58 percent said they go to Mom first for answers on financial matters, while 39 percent went to Dad, 2 percent to another family member and 1 percent named someone outside their family.