Stressed About Money? Your Kids Might Be, Too

11/15/2008 05:12 am ET | Updated Nov 17, 2011
  • Lindsay Lyon US News

With nothing but dire financial news ruling the airwaves lately, you can be certain children have pricked up their ears. As hard times begin to hit home--and purse strings yank tighter--how much of your worries should you share with the kids? U.S. News asked David Palmiter, a Scranton, Pa., clinical psychologist expert in counseling children and families, for advice on how and when to discuss difficult topics with children--without upending their whole world. Excerpts:

Is there any hiding financial stress from kids?

People have unhealthy ways of coping when they're under stress; smokers tend to smoke more; if they drink alcohol, they tend to drink more. If as a little kid, I'm sensing these kinds of changes, I may be wondering if something is wrong. And if there's no overt discussion about it, I may be assuming it's me that's causing the problem.

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