The current economic crisis is taking a toll on millions of American families. From everyday expenses to paying for big-ticket items such as college educations, families are making big adjustments to their spending plans.
Here are some ways your parents—and by extension, you-might be affected by the current economy, and how you can talk to them about it.
Talking about it
No parent wants to tell a child that their family is having money troubles. But in the current financial climate, almost everyone is affected by the economy. If you're wondering how your parents are coping and they haven't brought it up, it's OK for you to start the conversation. Here are some ways to bring it up:
For more on how you can ease your parents' financial stresses, click here.