Economy Talk with Kids?

iVillage Member
Registered: 01-03-2008
Economy Talk with Kids?
Tue, 10-14-2008 - 9:39am
Are you talking about the current state of the economy with your children?

iVillage Member
Registered: 03-19-2003
Tue, 10-14-2008 - 12:06pm

Not really.

He has overheard us talking about how crazy people are regarding the stock market. That it fell to a record low one day. That it has been going up and down and people are nervous about it. He has asked a few questions about what that means and we've answered them.

We were already cutting back on spending before this happened so the kids haven't noticed a difference. We put in new windows and doors this summer and that took a lot of our "disposable" income and so we have tightened the purse strings to rebuild our savings.

iVillage Member
Registered: 01-06-2007
Tue, 10-14-2008 - 1:38pm
We haven't had to make any big changes yet. She's used to hearing "that's too expensive" or "I don't have money for that right now," so I don't think she would notice unless I really cut back to the bare bones.