The 3 Ways to Answer the Question “Mom, Are We Rich?”

24 January, 2025

1. We have money, but it all belongs to our parents

For families with comfortable and convenient lives, where children are provided with the best of everything, from clothes to toys and education, it’s challenging for parents to lie to their children about being poor.

When your child asks, “Are we rich, mom?” you can answer, “We have money, but it all belongs to your father and me, not you.” This response helps your child understand that despite your family’s comfortable situation, they still need to be independent and strive on their own merits rather than relying on their parents.

While your child currently enjoys the benefits of your hard work, it doesn’t mean they can avoid studying or working hard themselves to achieve financial independence in the future. Emphasize that if they want their own money and possessions, they need to start working hard and studying diligently from today.

Telling your child that your family is “very rich” may foster a sense of entitlement. They might assume they don’t need to study or work hard because everything will always be provided for them. This mindset can lead to an unhealthy sense of superiority, contempt for others, and a lazy attitude towards life.

Children’s questions and parents’ answers can shape their future perspectives and personalities. (Illustrative image)

2. We have enough money to support you, but we work very hard for it

If you want to convey to your child that your family is neither struggling nor extremely wealthy, you can respond to their question, “Are we rich, mom?” by saying, “We have enough money to support you, but we work very hard for it.”

This answer helps your child understand that you and your partner put in long hours and a lot of effort to earn the money needed to provide for the family. It encourages them to appreciate the value of hard work and understand that a better life requires their own dedication and effort from a young age.

Emphasize that a more comfortable and prosperous life is achievable through their own diligence and that it’s the only way to get there. Instilling a strong work ethic from an early age will help them strive to become the best version of themselves and contribute positively to society.

3. Our family is still struggling, but we’re working hard to improve our situation

For parents from less fortunate backgrounds, it can be challenging and embarrassing to answer their child’s question, “Are we rich, mom?” Honestly is the best policy, but it’s important to frame your response in a way that encourages your child to strive for a better future.

Avoid complaining to your child about your financial struggles or comparing your situation to others. Instead, you can say, “Our family is still struggling, but we’re working hard to earn more money.” This response encourages your child to understand that hard work and perseverance can improve their circumstances.

Explain to your child that working hard and studying diligently can lead to a more stable and prosperous future. Emphasize that their current situation doesn’t define their future and that they have the power to change their lives for the better through their own efforts and abilities.