Why we find it so hard to talk about money
This past year we’ve heard a lot of talk about the bailouts that America’s big banks got in the wake of the sub-prime mortgage debacle. And the question keeps coming up: what about the little guy? Who will come in and bail me out?
Beth Kobliner, author of “Get a Financial Life: Personal Finance in Your Twenties and Thirties,” has an answer to that question. YOU are going to bail yourself out. We’re starting a ten-part weekly series on the Do It Yourself Bailout, and begin today by talking about why this is such a hard subject to discuss. Keeping silent may be more comfortable, but it’s not always the best financial strategy.
We’re also joined by Stephen Goldbart, a psychologist and co-director of the Money, Meaning and Choices Institute, who comes to us to explain why we all freeze up and zip up when the subject of our money arises.
The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help.
Make a gift today to help us reach our $25,000 goal and keep The World going strong. Every gift will get us one step closer.