Money Magazine’s November issue features a great article with ideas to help parents respond to the question from our kids that many of us fear: “Are we rich?”  I was asked for some tips for this piece, so here are a couple ideas to help guide your response to younger children:

     • Being “rich” is about feeling grateful, healthy and happy, not just owning things.

     • Reaffirm that if your family is struggling financially, that it’s not their fault.

Here’s the full article: What to Say When Your Kid Asks, “Are We Rich, Mommy?” – Money Magazine

Have you already faced this question from your kids? If so, what worked? What did not?

 

Susan Beacham
Written by Susan Beacham
Susan Beacham founded Money Savvy Generation in 1999 after almost two decades in private banking and investment management complemented by considerable time teaching at the elementary level.

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