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Jim Liebelt Christian Blog and Commentary

Children Psychologically Damaged When Parents Fight Over Money

  • Jim Liebelt
    Jim is Senior Writer, Editor and Researcher for the HomeWord Center for Youth and Family at Azusa Pacific University. Jim has over 25 years of experience as a youth and family ministry specialist, and has been on the HomeWord staff since 1998. He has served over the years as a pastor, author, youth ministry trainer, adjunct college instructor and speaker. Jim’s culture blog and parenting articles appear on HomeWord.com. Jim is a contributing author of culture and parenting articles to Crosswalk.com. Jim and his wife Jenny live in Olympia, WA.
  • 2012 Feb 01
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A study published in the Journal of Research on Adolescence confirms what many American children are likely feeling these days: When parents bicker over money, it seriously damages the kid’s well-being.

Depression is a given, along with falling into the black hole of substance abuse, aggression, and other amorphous “problem behaviors,” especially among teens.

And the issues don’t end there—among the parents who said they were dealing with “money-related chronic stress,” the relationships with their offspring were the most fraught with tension, and sadly, the least intimate of all the parents surveyed.

It comes as little surprise that the recession is doing a number on children’s well-being. A culmination of factors, ranging from foreclosures to unemployment and deep-seated resentment (and money lies) are putting family bonds on ever-thin ice.

Source: Financial Post
http://business.financialpost.com/2012/01/31/a-new-study-shows-how-children-are-psychologically-damaged-when-parents-fight-over-money/