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In his article “Why So Many Americans Don’t Talk About Money” published in The Atlantic on March 2, 2020, Joe Pinsker started off by saying that Americans love to talk about how they hate to talk about money. Then he gave a striking statistic: “Only 17 percent of parents with an income above $100,000 a year had told (or planned to tell) their children how much they earn or their net worth.”1
This taboo about talking about money is, in our opinion, a primary reason dissension develops among family members as the older generation ages. Even if it doesn’t lead to outright dissension, these missing conversations leave holes in the fabric of the family relationship. All of us have a relationship with our money. A family’s relationship with it...
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