During a conversation among parents about their children—now adolescents and young adults the issue of children and money came up. There were the usual rants about children not appreciating the value of money, anxieties about paying for college expenses, the astronomical increase in auto insurance when adding a teenager to the policy, etc. Most parents shared frustrations, and worry, about their teenage and young adult children not being able to handle their finances.
I asked the group of parents if they talked about money, finances, and stewardship with their children when they were young. All said that no, they hadn’t. That being the case, I wondered at their surprise that their grown children were unprepared to handle money as adults.