imstilla.grandma
Believer of Miracles
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If I am to take mom’s words as truth, and I don’t, but if I did then I would have to suspect emotional and financial enmeshment for a better term:
Brad Klontz, who is both a psychologist and certified financial planner, coined the term “financial incest” as a type of money disorder. But because the term is so “ew”-inducing, he ultimately decided to rename it “financial enmeshment.” No matter what you call it, there’s no question the behavior can cause chaos and lasting damage within families.
In the findings of a study Klontz and his team published in a 2012 issue of the Journal of Financial Therapy, financial enmeshment was described as “the inappropriate involvement of minor children in parental financial matters, including conversing with one’s minor children about one’s financial stress and using children as messengers to pass along financial messages between adults.”
In other words, it’s when there’s a violation of boundaries between a parent and a child, in which the parent uses the child to meet the parent’s needs in the area of finances, Klontz explained.
One common situation in which it arises, Klontz said, is during a contentious divorce. For example, a child’s mother might say that he can’t get braces because his father hasn’t paid child support. In this case, the parent is sharing inappropriate information with her son regarding her relationship with his father and its effect on the household finances. “What’s an 8-year-old supposed to do with that information?” Klontz said.
Brad Klontz, who is both a psychologist and certified financial planner, coined the term “financial incest” as a type of money disorder. But because the term is so “ew”-inducing, he ultimately decided to rename it “financial enmeshment.” No matter what you call it, there’s no question the behavior can cause chaos and lasting damage within families.
In the findings of a study Klontz and his team published in a 2012 issue of the Journal of Financial Therapy, financial enmeshment was described as “the inappropriate involvement of minor children in parental financial matters, including conversing with one’s minor children about one’s financial stress and using children as messengers to pass along financial messages between adults.”
In other words, it’s when there’s a violation of boundaries between a parent and a child, in which the parent uses the child to meet the parent’s needs in the area of finances, Klontz explained.
One common situation in which it arises, Klontz said, is during a contentious divorce. For example, a child’s mother might say that he can’t get braces because his father hasn’t paid child support. In this case, the parent is sharing inappropriate information with her son regarding her relationship with his father and its effect on the household finances. “What’s an 8-year-old supposed to do with that information?” Klontz said.
How 'Financial Incest' Creates A Lifetime Of Money Problems For Kids
Men with higher incomes are most likely to exhibit these "financial enmeshment" behaviors.
www.huffpost.com