The Economic Times

Psychology behind why older people hide their wealth from their children: It has nothing to do with trust or selfishness

Psychology of older people hiding wealth: Elderly Indians often hide financial details from their children. This secrecy stems from a desire for control and fear of becoming a burden. Past scarcity experiences also shape their cautious approach to money. Parents aim to protect family harmony and their provider identity. Open conversations about health and care can alleviate financial anxieties.