LibraryScenariosHow protecting children from financial reality backfires
Scenario

How protecting children from financial reality backfires

I maxed out my credit card buying Christmas gifts because I could not bear the thought of my kids thinking we were struggling financially.

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More people experience this than they realize.

What we've seen

The desire to maintain appearances of stability can drive parents into actual financial instability through unsustainable spending.

Ideas that help explain it
Worth thinking about

“Where Are You with Behavioral economics — biases in financial decisions?”

If this sounds familiar, the Library can help you find the bigger picture.