Magazine article Work & Family Life

A New Look at Teaching Children about Money

Magazine article Work & Family Life

A New Look at Teaching Children about Money

Article excerpt

A new look at teaching children about money

For many parents, conversations with children about money are awkward and to be avoided, if possible.

Ron Lieber, who writes the "Your Money" column in The New York Times (and is a parent), believes that we should shatter the taboos about talking to our kids about money.

In his wonderful new book, The Opposite of Spoiled, he makes a convincing argument that shielding kids from the realties of everyday financial life makes little sense anymore, given the new and expanded money responsibilities their generation will face.

Lieber has written what he calls a "generational manifesto"-a promise to make our kids better at managing money than we were and give them the tools they need to avoid the financial traps that still ensnare so many adults."

This book is geared to middle school and high school kids. Lieber spoke to families with a wide range of income and he points out the common ground between the wealthy, the middle class and the poor. …

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