In a recent column I reported on a survey done by the financial services company HBSC that found only 59% of US parents intend to leave their children an inheritance, the lowest of the 15 nations in the survey. The fact the US is last came as no surprise to me. What did surprise me […]
Tag Archives | Healthy Money Relationships
When stressed or in difficult circumstances, some people drink, some people eat, and some people shop – this can be a financial dangerous habit that should be addressed.
Last week’s column explored three fears that stop adult children from talking with parents about their estate plans, even though such conversations could greatly benefit both generations. These are: “It’s none of my business,” “I don’t want them to think I am greedy,” and, “It will ruin our relationship.” Children aren’t alone in their fear […]
Talking about money is taboo in the US. If you don’t believe me, next time you’re at a social gathering ask every you’re introduced to these two questions: “What was your taxable income last year?” and “What is your net worth?” It’s not a recommended way to make new friends. The taboo on money conversations […]
Try to imagine the enormous range of possible financial conditions in which human beings can live. At the lowest end is bare subsistence—the minimum food and shelter possible to sustain life. At the highest end is unlimited wealth—multi-billionaires with more than they, their children, and their grandchildren could possibly spend. Most of us, of course, […]
Over the years, I’ve noticed a commonality among people with money problems. Many of them are also overweight. Is there a relationship between overspending and overeating? Until now, I couldn’t be sure my experience was anything more than circumstantial. But I recently read about a 2009 study done by Dr. Eva Munster at the University […]