Talking to Your Family About Money
by Salene Hitchcock-Gear, President of Prudential Individual Life Insurance, Prudential Financial
Jul 19, 2019
4 minutes
Talking about money can often be considered taboo. In fact, we often see that closest friends share even the most intimate details of their lives with each other -- except they still don't talk about money. And a recent study showed that at a dinner party, people would rather discuss romance, religion, medical conditions or even politics than talk about their salary.
When you add family dynamics to the mix, talking about money can even be emotional. Perhaps your parents are nearing retirement, and you're concerned about how much they've saved. As parents age, the caregiver becomes the cared for, and that naturally brings thoughts
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