Catchword: financial incest

Gloss: Telling one's children about family financial affairs in such a way or to such a degree that they learn too much and become overly concerned.

Filed under: English, Money & Finance, New or Nonce

Part of speech: n.

Quotation: While experts say the current financial crisis is a good way to discuss economics and the family budget, they also warn parents not to panic around young children who don’t understand and are powerless to do anything about it. “It opens up an opportunity to have discussion with children,” said Rick Kahler, a financial planner and co-author of “Facilitating Financial Tools for Financial Planners, Coaches and Therapists.” “But you don’t want to commit “financial incest”—being alarmist and having inappropriate boundaries with kids.”

Article or document title:
“Crisis management: What to tell the kids about financial troubles” (URL)

Author:
Peggy O’Crowley

Article, document, publication, web site:
Star-Ledger

Publishing location:
New Jersey

Date of publication:
Oct. 7, 2008

This catchword has yet to be researched.