Sunday, September 23, 2007

Money & Power in Relationships Over-50

It has been opined that sex really isn't the hardest subject for people to talk about and that what really is hardest for the most people to talk about is money. Afterall, money and power go hand in hand and the subject of power makes lots of people squirm when it is too out in the open.

Since talking is our main conflict management tool in relationships and money is so often involved in how we interact whether we are conscious of it or not, this is an important topic.


The NY Times had an eye-opening article on the state of money and relationships in the younger set in big cities where women are doing very well for themselves in terms of making money and finding it is not necessarily helpful in making friends.

http://www.nytimes.com/2007/09/23/fashion/23whopays.html?ex=1348200000&en=6e7e1ec5c4d2a26d&ei=5124&partner=permalink&exprod=permalink


Once we enter into the senior-years zone, whatever that is, it can get even trickier. It's not just "what I earn/what you earn", "my beliefs about spending and saving/your beliefs about spending and saving". Now you can add in "what I have inherited/what you have inherited", "what my kids are afraid I am going to blow/what your kids are afraid you are going to blow", etc. etc.

And the old one size fits all advice that you have to talk about it is right, but how the heck do you really do that?

Twenty or more years ago a psychologist named Richard Stuart applied cognitive social learning theory to the problem and came up with some very specific suggestions, steps, forms to fill out, etc. that can still be very helpful when it comes to actually talking about money in the relationship (and lots of other issues too).

A description of Stuart's work in this area and some specific ideas for applying it to typical "over-50's" issues can be found at: http://www.better-relationships-over-50.com/power-in-relationships.html

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