Adults are not the only ones affected
by economic troubles children are too
April 04, 2009
For parents with kids who are nine or older, Ginsberg suggests a conversation about what's going on and how it affects your family-even if they don't ask. You can weave in lesions from historya as well, since they might be learning about the Great Depression or relevant economic concepts in school.
Parents with teenagers also should be careful to revisit expectations if the stock market's decline or a wage squeeze means you can no loner foot the college bill. The sooner you have this conversation and begin searching for alternatives, the better.
Understanding how to use money
Keep the conversation appropriate, however. "We don't want to not talk money because that's one of our societal problems," said author and financial planner Rick Kahler. "We also do not want to rely on our children to be an emotional support for us." Kids need reassurance from their parents that they are safe and taken care of.
Even if the financial turmoil isn't touching you directly, there are plenty of lessons woven into this financial crisis that are worth mentioning to kids. For example, Ginsberg suggests a discussion about the difference between necessity and luxury. Then, as a family, come up with a way to sacrifice something in order to help a family that's struggling.
Anther obvious lesson is why we should save for a rainy day instead of borrow money for everything, a concept that many adults have lost sight of in recent years.
Finally, don't underestimate your kids. Kahler recently had his 7-year-old son, Davin, pretend to be a shopkeeper in order to explain how a recession trickles through the economy/ after a while, Davin announced, "I get it, I get it."
What more can a parent ask for?
Vocabulary Focus
Weave in (phr)穿插;編入
To introduce new information or separate parts into somethinglarger
Foot the bill (idiom)負(fù)擔(dān)費用;付賬
To pay for something
Appropriate (adj)恰當(dāng)?shù)模贿m當(dāng)?shù)?BR> Suitable or right for a particular situation or occasion
Specialized Terms
Great Depression (1929-1939)經(jīng)濟大蕭條
A period in which there was mass unemployment and widespread poverty
Trickle through (phr v)舔糠及米;涓滴侵蝕
To happen gradually and in small numbers until everything has been affected
by economic troubles children are too
April 04, 2009
For parents with kids who are nine or older, Ginsberg suggests a conversation about what's going on and how it affects your family-even if they don't ask. You can weave in lesions from historya as well, since they might be learning about the Great Depression or relevant economic concepts in school.
Parents with teenagers also should be careful to revisit expectations if the stock market's decline or a wage squeeze means you can no loner foot the college bill. The sooner you have this conversation and begin searching for alternatives, the better.
Understanding how to use money
Keep the conversation appropriate, however. "We don't want to not talk money because that's one of our societal problems," said author and financial planner Rick Kahler. "We also do not want to rely on our children to be an emotional support for us." Kids need reassurance from their parents that they are safe and taken care of.
Even if the financial turmoil isn't touching you directly, there are plenty of lessons woven into this financial crisis that are worth mentioning to kids. For example, Ginsberg suggests a discussion about the difference between necessity and luxury. Then, as a family, come up with a way to sacrifice something in order to help a family that's struggling.
Anther obvious lesson is why we should save for a rainy day instead of borrow money for everything, a concept that many adults have lost sight of in recent years.
Finally, don't underestimate your kids. Kahler recently had his 7-year-old son, Davin, pretend to be a shopkeeper in order to explain how a recession trickles through the economy/ after a while, Davin announced, "I get it, I get it."
What more can a parent ask for?
Vocabulary Focus
Weave in (phr)穿插;編入
To introduce new information or separate parts into somethinglarger
Foot the bill (idiom)負(fù)擔(dān)費用;付賬
To pay for something
Appropriate (adj)恰當(dāng)?shù)模贿m當(dāng)?shù)?BR> Suitable or right for a particular situation or occasion
Specialized Terms
Great Depression (1929-1939)經(jīng)濟大蕭條
A period in which there was mass unemployment and widespread poverty
Trickle through (phr v)舔糠及米;涓滴侵蝕
To happen gradually and in small numbers until everything has been affected