Recently, I have been asked a few times if the next generation talks more openly about money than the previous ones. Each time I ponder this question I realize my answer is “I don’t know, but I don’t think so.” Not a very authoritative response but a transparent and honest one!

My answer is based on my experience with my Bentley graduate students and my relationship with my niece and nephews who are Gen Y. While I occasionally have money conversations with these young people, it usually revolves around the mechanics of money, i.e., how to get a loan, how to pay for college, and how to borrow money from my husband and me to buy “stuff”. While these are important conversations, I am not sure young people are talking to each other or their family members regarding their thoughts and feelings about money. They’re silent on these questions:

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