Have you ever been asked how much money you make? Did you answer them? It is a question that often puts people on the defensive. It might be a cultural thing since most North Americans in general tend to avoid asking questions like this. Those who do ask are usually kids, or foreigners, who aren’t familiar with the nuances of Western social norms. Talking about personal finance ranks up there with politics, religion and bedroom antics as topics that are only discussed on a need-to-know basis. Typical responses to such a direct question usually end up with answers like “None of your business”, “Not enough” or “I do OK”; which politely try to deflect the question.
Why don’t we talk about our income?
These responses do beg the question: why are we so hesitant to talk frankly about topics surrounding our financial situation? Continue reading