Talking to Your Family About Money

Being open and honest with your parents, your children and yourselves can be daunting, but it's necessary for financial wellness. Here are a few strategies for breaking the ice.

A hand putting money into a gold piggy bank
(Image credit: Getty Images)

Talking about money can often be considered taboo. In fact, we often see that closest friends share even the most intimate details of their lives with each other — except they still don’t talk about money. And a recent study showed that at a dinner party, people would rather discuss romance, religion, medical conditions or even politics than talk about their salary.

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Salene Hitchcock-Gear, President of Prudential Individual Life Insurance
President of Prudential Individual Life Insurance, Prudential Financial

Salene Hitchcock-Gear is president of Prudential Individual Life Insurance, a business unit of Prudential that offers competitive solutions to meet the needs of consumers through the manufacturing and distribution of a diverse portfolio of life insurance products. An insurance industry veteran with more than 30 years of experience, Hitchcock-Gear joined Prudential in 2017 as chief operating officer of Prudential Advisors, the Company’s national sales organization with more than 3,000 financial professionals, advisors and fee-based financial planners who offer clients a broad range of financial solutions. She became president of the Individual Life Insurance business in 2018.