MINNEAPOLIS (WCCO) — Managing your finances is one of the most important things we all have to do.

So what age is a good age to start talking to kids about money matters?

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A new survey by Capital Group shows 4 out of 10 millennial parents think 12 or younger is a good time.

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That’s nearly double the number of baby boomer parents who think kids should start learning about finances before their teenage years.

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The study found that more Generation X parents also teach their children about money matters earlier than boomer parents.