Talking to kids about financial privilege

Talking to kids about financial privilege (Photo: iStock)

When money isn’t an issue, it's only natural for parents to want to give their children the best possible life. If your own childhood was difficult, you may feel an even stronger urge to compensate for what you lacked.

However, beneath all the good intentions lies a real concern: raising children who grow up feeling entitled and expecting everything to come easily. This is something every financially comfortable parent should be mindful of. Your money is yours, and your children need to understand its value and how hard it is to earn. They also need to understand that they must eventually forge their own path to success.