Talking about personal finances is almost as hard for people to talk about as sex, survey finds

let's talk about money I mean this is CNBC a new survey by Wells Fargo finds that discussing personal finance is harder than talking about religion or even politics or death and but almost as hard uh to talk about not on this network it's not hard talk about talking about money no we talk about it a lot right all day long the other stuff is hard for some people y okay talking about money is what uh senior cnbc's senior personal finance correspondent Sharon does a best so Sharon take it away well

Joe we're talking about a Wells Fargo study and they did a deep dive into how people feel about money surveying just over 3,000 adults about 1,800 women and 1,600 men now when asked directly about the difficulty of talking about sex compared to finances 47% say having an open and honest conversation about their money is more challenging than discusting their romantic life half of women are reluctant to talk about money because they consider it a private topic compared to 41% of men women are al

so more likely to say they don't want to talk about money because they feel they may be judged age made a difference too more than half of younger women tend to say feeling judge made them avoid talking about money versus 35% of women overall now financial advisers and wealth managers for them the takeaway is to think about how you frame conversations with clients so that men and women feel like they have control over their own choices and are not made to feel like their ideas are wrong when it

comes to money and investing and we hear this all the time right people feel like there are stupid questions but there really are no stupid questions when it comes to that we all need to come to money where we're at on our terms both psychologically and literally so we can make the most of it well a large majority of respondents overall say they have a clear picture of what they want to do with their money almost half report having no more than vague Financial strategies to reach their goals and

women are more likely than men to say their strategy is vague or they don't even have one for more on women and wealth join me for a CNBC special event one week from today Tuesday March 5th at 1:00 p.m. Eastern at this free virtual event we'll bring together top Financial experts with advice to set yourself up for success and you can scan the QR code right there to register or go to CNBC events.com womenand wealth Joe did the study look into where people actually go for financial advice what's

what's fasing is they go to friends they go to friends far more than they go to a financial advisor maybe even seeking advice from parents or other family members but financial advisor not as great as what they were doing with their friends and then a small percentage but a significant percentage still are going to financial influencers bloggers and other folks for advice as well I still feel like we can help in this what we are right now we are absolutely but we do this how many hours a day I d

on't know we do it a lot would you say 12 to 15 hours hours a day L you live programming yeah I mean talking about money well from 5:00 a.m. in the morning I me if you include the international CNBC it's 24 24 hour I'm always talking about money I go home I talk about money I talk about money here talk about money to my friends Just sh you just so un such an UNC topic all right but wouldn't you watch when you're looking at TV and you're or you know your streaming stuff people are talking about e

verything but money they you know it's so open to talk about your romantic life to talk about sex but not to talk about money money right you that's weird I remember when I was younger I would look at the cover of like a Cosmopolitan in look I would see some of the subject matter it's like you've got to be kidding me it's on a magazine stand and and it's like screaming this crazy Stu but not money no not money one little column if you're lucky yeah who was that that who was doing Cosmo was that

the remember that lady that was in charge I forget her name but yeah I mean that that pushed the envelope um thank you thank you Sharon thank you and you said blame me too about 619 this was this is you this is I didn't do anything except respond but thank you Andrew trying to figure out I mean I remember her so well uh Howen gley Brown yes yes that's what I'm talking about you're thinking about she revolutionized what women's magazines yeah what you can put on the cover of a magazine