Income Disparity: Friendships & Financial Inequality

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The panel included Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian; Christina Roman: Consumer Education and Advocacy Manager at Experian; Take Charge AmericaLawrence D. Sprung: CFP® President of Mitlin Financial, Inc; Leslie H. Tayne, Esq: Founder and Managing Director of Tayne Law Group, P.C. (f/k/a The Law Offices of Leslie H. Tayne, P.C.); and Kembala Evans: Financial Coach, Speaker, and Author.

Questions We Discussed:

Q1: Has financial inequality ever been an issue in any of your relationships? If so, what happened and how did you deal with it?
Q2: How can you make talking to your friends about money less awkward?
Q3: How do you fight the urge to keep up with friends who are big spenders?
Q4: How do you deal with guilt and jealousy when your friend makes less/more money than you?
Q5: What should you do if you’re uncomfortable with friends who are being too financially generous with you?
Q6: What are some ideas for splitting the bill with your friends?
Q7: How can you establish healthy money boundaries with friends?
Q8: What are some money tips for vacationing with friends?
Q9: How do you maintain friendships when money values and salaries differ?
Q10: Any last-minute tips on dealing with friendships and financial inequality?

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