What do you say when your child asks, "Are we rich?" or "Do you make more money than Daddy?" or the dreaded, "Why don't we have a fill-in-the-blank?" In his book, "The Opposite of Spoiled," New York Times columnist Ron Lieber offers tips for answering kids' questions about money and raising socially aware and fiscally smart adults. He'll also explain why he thinks allowance should never be tied to chores.
Rebroadcast: How to Discuss Money With Kids
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Ron Lieber, "Your Money" columnist for The New York Times; author, "The Opposite of Spoiled"