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How To Explain To Your Kids That Money Is Tight Right Now

Parents set the tone for conversations about money. (Photo: Westend61 via Getty Images)
Parents set the tone for conversations about money. (Photo: Westend61 via Getty Images)

The economic impact of the COVID-19 pandemic is hardly a secret. More than 50 million Americans have filed for unemployment since March, and food insecurity has risen to unprecedented levels. 

If you’re a parent whose financial situation has changed due to the pandemic, you may be struggling to determine the best way to convey this new reality to your children. Fortunately, there are healthy and educational ways to have conversations about family finances with children. 

To help inform these discussions, HuffPost asked a few experts about how parents can explain to kids that money is tight right now. Read on for their advice. Although our discussions focused on the current recession, this guidance can apply to other economic circumstances as well. 

Inform, but don’t overshare.

“Regarding any discussion with children, whether it be about the pandemic or

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