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.