Guilt. Sadness. Regret. Blame. Transitioning to a lower income is stressful for individuals and families. For middle and upper-class families, the security and comfort that was once there has now disappeared. This study for parents of teens explore the questions many parents are asking themselves: What do we do now? What are some of the ways to help focus a healthy family conversation? How do I talk to my kids about this?

Designed for middle-income households with teens, but applicable to a wider audience, this guide offers scenarios and tips for both planning and coping with financial transitions in a family setting. A special set of tips for talking finances with your teen is included. This study also offers reflection options for individual or group settings.