Absolutely not. My mother already tries to police and shame my spending. She’s been asking for years how much I make and I refuse to tell her.

mine already know. i know theirs. not an issue in my family.

Depends on the dynamics of the family. Being partial korean here I tell my mother regularly how i'm doing in asian cultures you talk about money all the time. Not in a sense to flash it around but money is looked at as a major security factor for your family for obvious reasons (buys you in safer better hoods/schools) etc etc. Personally I pay all my moms real estate taxes and cell phone bill, bought her a house under my name she lives in rent free, bought her a new patio recently, paid for her to go to a few vacations with a travel group. Part of the deal. I have a familiy of 5 myself with a stay at home wife but I owe my mother for pushing me in the right direction while young coming from an abusive father where my mother got it physically the worst.. She pushed me to buy a house we would both live in in my early 20's and I just kept leveling up from there..

Now my wifes family it's seriously Taboo to even mention money they are from down south. Just something no one talks about and the mere mention of it can be insulting.. i'm not sure why. In the asian world it's like sports.... but again not to be flashy although yes we buy nice stuff benz's bigger houses.. yada yada. but it's again for quality of life and protection / freedom.

I was poor before, mother was divorced and bankrupt and I lived with her in a roach infested apartment... sketchy hood.

I just paid for my sisters and mother to go to a nice resort with a travel group recently including flights and rooms.. again it buys happiness no matter what people say if "wielded" correctly and "proper".

I haven’t shared our net worth, but I do share our household income because my parents are very proud of my husband and I and the hard work we put in to get where we are. They celebrate our success and we like to treat them to nice things as a result.

Parents NW: $0 Parents HHI: $19K annual Social Security

Our HHI: $300K wage Or in other math, we earn every two weeks 4 times what they get in a single month.

We do not share our networth or income. They would not fathom why we cannot afford them as adult dependents.

I refuse to help my parents beyond what I can afford. We are not sacrificing our future for their present.

Spouse and I have standard W2 corporate jobs at large companies, so they have a general understanding of our income since they worked in similar industries. Plus if they really cared to know, it’s easily accessible on Google/Glassdoor.

My dad alone made more than my husband and I do combined over a decade ago, yet my parents think we are rich because we both work and don’t have kids. They are incredibly out of touch people, and I would never tell them specifics because it would probably just result in them acting even more like we have endless money (we certainly don’t, but we are obviously fortunate).

My parents have always been weirdly open (frankly, too open) about finances. They're retired now, but my dad was a high earner during his career. They know how much I make and my net worth, and my dad is always excitedly telling me their net worth as the markets go up. 

I feel like this is definitely the exception, not the rule. 

I don't tell anyone but my husband

I tell my parents. Their NW is higher than mine would ever be anyway (without an inheritance). I was a bit of a screw up in HS so they’re very proud of how far I’ve come.

Yes, my parents are my biggest supporters. Not perfect but they’ve always wanted what’s best for me, for the most part

I would not discuss specifics but have shared that "we can handle it" when my Dad was concerned that I may be overextending myself when I bought a BMW recently, used with cash.

If they knew specifics I'd probably be written out of the will lol. Although not expecting anything anyway, they've pretty much given my sister everything her whole life like buying her first 3 cars giving her down payment for a house and cosigning various other things while I was left to fend for myself since I was 16 including 2 bouts with homelessness.

I am in sales and closed my first BIG deal a couple years ago. My mom happened to be in the car with me when the client called and said they’d countersigned the agreement. I hung up the phone and she asked if that would pay for our upcoming vacation ($3k). I said “this deal will pay for that times a hundred”. Her response? “Well why don’t you give me some of that money?”. So no, I do not share income information.

Only you can decide. I share my financial situation with my folks as I regularly ask for their advice in life. If I thought it would affect my relationship with them or my siblings I wouldn’t share.

I accidentally complained about the marriage penalty once, that’s the day I learned my dad has the tax brackets memorized. It wasn’t a terrible outcome, though, because his reaction was ‘Ohh good, so you can easily afford your house!’ Because of course he had already looked up how much we paid on Zillow.

Not planning on discussing the particulars with them. My parents are both blue collar and have done decently well- retired and own their home, but not a ton of extra money, pension or passive income. Just their savings. They raised and educated five kids, so that was where a lot of their money went.

My spouse and I are both successful sales professionals, raising two kids in VHCOL and private school. I think there is just too big of a disconnect and they couldn’t conceptualize it.

But they do know that we’re responsible with our money, and don’t live lavishly. What matters to them is that we don’t have any money stress now and shouldn’t have any in the foreseeable future.

My mom knows it all. She was an accountant so she’s done when I was younger or reviewed my tax filing every year even when prepared by an outside service. She’s always found something they missed.

We put up an LED scoreboard and compare. We have 3 prizes, highest, lowest, and most improved YOY

I hinted our NW and implied our HHI to my in laws so that they’d stop infantilizing us like they do for my BIL/his wife. It’s worked well enough. They still buy us dinners but we don’t get comments about how “hard our lives must be” with 2 kids etc.

Otherwise, I went ahead and showed my mom my accounts when she was literally on her deathbed and unable to communicate just to help let her know that I’ll be fine (financially) when she would eventually pass. No plans to tell my dad - I think it’d make him insecure because he appears to want to be perceived as the main provider/patriarch even though he doesn’t have more than $500k beyond his pension (I’m not technically supposed to know this but his financial adviser accidentally shared it with me). He has hinted several times that I’d get like $100k from a life insurance policy, and I think I’m supposed to think that’s a lot of money.

In general i’d stay away from disclosing NW or income to anyone really, incuding parents/kids.

Also, if your parents are wealthier than you by alot, then i don’t think it matters.

But if you are more well-off than your parents, things could get very tricky. Best to avoid.

Definitely not. My mom wouldn't ask or care. My dad and his wife take advantage of people, especially when they're wealthy. I have nothing to gain and everything to lose by them knowing anything about my financial situation, especially given that they've declared bankruptcy twice due to her gambling problems. 

Tell no one!

You can say you’re doing ok.

You can say you’ve had a good year.

Don’t tell people, unless they are your spouse or your CPA, your net worth.

I used to tell my mom, but then I realized every time I told her anything involving money (salary, home reno cost, etc), she would then tell all of her friends. It was rude and disrespectful of my private info. So now I don’t tell her anymore. She’s Chinese - I feel like this is common with Chinese/Asian parents (bragging about their kids and kids’ money to their friends).

I told my parents “I have enough to not have to worry about rent or groceries the rest of my life “ but didn’t get into specifics.

One parent replied “kind of like Mr money moustache?” So I think they get the gist

I share everything with my mom. She’s raised me on poverty single parent wages, and we will share the victories together as a family. 

My dads visiting right now and we discussed net worth. I know what he's got Im the executor of his will. My brother makes significantly less but also lives in another country and has a nice lifestyle. He's aware we do pretty well. Not sure we've ever talked numbers but it's not something I wouldn't tell him it just didn't come up.

I never did share this with my parents. I might share things like how we're saving for kids college or general financial thinking, but not specifics. Nobody's business except you and any partner.

I am very open with my Dad because he is extremely proud of me. Personal decision for you.

My family talks about money fairly openly but also I can't imagine anyone in my family asking me for money unless they were in a real bad spot in which case we'd be happy to help out.

I come from a very, very close knit family. I consider my siblings to be some of my closest friends and I am lucky to have such a close relationship with them and my parents.

That said, I NEVER plan to tell any of them how much I make. I’m generous with my family but how much we earn is only the business of my wife and I. No one else’s.

Partially. They know a few things, but not everything. They don't know my salary, total yearly compensation, or total net worth.

However, they've seen some of the results. Within the past year, I bought a new OLED TV, we went on a nice cruise to the Caribbean, we had a few home improvements made, and we just bought a new vehicle.

Technically, my Dad was a HENRY (he was a Dentist for 40 years from 1980-2020). However, based on discussions, he didn't invest it wisely. His money never grew like it should have. He lost some money in the dot com crash and recession of the early 2000's, and it spooked him. After that point, he mainly relied on lower-risk investments.

We have talked about the importance of having little to no debt, having an emergency fund, and college savings accounts for the kids.

Im very open about my money.... with family and even strangers. I have no issues saying "yea i have about 2 million currently, trying to turn it into 10 haha"

The thing is I dont fear someone asking me for money, because I'll probably just say nope and move on. 

Also im glad I told my mom how successful I was and how much money I had , so she knew she didn't have to worry about me before she died. :) and she knew I wasn't just making it up, because I was happy to tell her each step of the way.

I tell my parents but not out of guilt. I tell them as a knowledge transfer. I know their income and my siblings. There is no detriment to knowing. It's a benefit as we optimize our tax strategies. None of my siblings borrow money from us. Extended family have asked and we have said no. They don't ask again. We don't lend money.

However, on the in-laws side, we don't say anything. On that side, there will be repercussions. We have had to support both SIL's. I don't mind telling them but it's not my place to divulge. My spouse is shocked we are so open and doesn't think this is normal. We are both Asian so it's not a cultural thing? Appears to be a family thing.

In your case, I would not tell.

Yes

I have 2 siblings. I don’t get into speaking finances with family, but I know one has a higher HHI than me and the other does okay. The one that does okay has struggled financially for a good portion of their life because they got the least support from my parents (we were super poor growing up, but prospects got marginally better by the time I was born).

The only thing I’ve told my parents about my income is that they gave me much more opportunity than my other siblings and I would rather have my portion of their only asset (home) be given to my oldest sibling. No need for anyone to know details and intentions for me are super clear.

Nope nope nope…

My first real bonus I paid off my parents debt. They are sensible but sometimes a bit naive. But they live in a country with strong government support so are good.

But they would literally have a fit if they knew how much with have in the 529s for the kids or even just the amount of cash it takes to keep our family going monthly

My family knows specifics. I know theirs. My in laws share their specifics. No issues.

My parents know I’m fine. That they don’t need to worry. And that if by really bad luck they ever need help I can provide it. That’s it. No numbers. No one else knows shit. And I have my peace.

Probably not but only because I don’t want them to feel weird. They aren’t unhappy and have everything they need, but I feel like we already live very different lives, and I don’t want to there to be any other obvious differences I guess. We’re all really close so I don’t think it would impact anything, but idk feels weird lol

No. They would not be able to accept “no” as an answer when it comes to us spending money.

No. Nobody in my family understands wealth accumulation or how it translates into income. They don’t realize that it requires about $5M pretax to maintain our existing lifestyle. They just think, wow $5M he’s loaded without understanding that we require this to live off of at retirement and can’t just blow it lavishly.

My dad is 85.. Still running his business 6 days a week.

Both parents are retired with state income tax free pensions.

Both drive luxury cars and own their home.

They instilled good financial advice over the years.

Mid 30s my current net worth is about equal to theirs. Not counting the monthly pension.

They are comfortable I am comfortable.

I'm proud to share with them my accomplishments, where I'm at financially... because they invested a lot to leave as inheritance and I'd rather them spend it and enjoy what they worked for.

Like anything, all depends on the relationship.

Based on what you shared, I would not share your income or net worth with your parents. There's no benefit to them knowing. I don't agree with the philosophy that inheritance splits should be adjusted by starting net worth.

The only detail I've shared with a parent is that we're in the fortunate position of being able to cover our expenses on one salary (we both work) but they don't know specifics of how much we earn or our net worth.

I’m an only child… anything left behind by my parents goes to me.. we have had a few conversations about finances. I don’t think I’ve ever explicitly said how much we make as a household, but my parents aren’t dumb.. they see the cars (88 Tercel and 86 AMC Eagle), the bikes (Huffy and Mongoose), the fancy clothes (Kirkland), and the high end dining (Sam’s Club snack bar). They know what’s up. 😜

NO.

Absolutely not. You can never un-tell them, and they have the potential to use this information against you abusively, tell other family members who will, make all kinds of assumptions about your discretionary spending (because they may not be aware of HHI tax rates, or costs of running your household if you're optimizing time at the cost of money), and so on.

There's also no reason to feel guilty about this. If they want to be able to have honest conversations with you about their estate planning, they should, and you can give them general feedback like "our kids' college is provided for" or whatever if you want to. It sounds like they might also be hinting at apportioning their estate more towards other kids who have less wealth. As to whether you're comfortable with that or want to object to that on fairness grounds, or volunteer that that's ok with you, that's entirely up to you.

0 benefit. Although my parents know because they do my taxes

My mom is early retired and set financially. She knows roughly what my wife and I earn and our net worth. I don't need to worry about her.

Other family? No lol.

We’ve never told them. They know we do well for ourselves but will be really surprised that we have enough to retire very comfortably in our 40s

Yep, my dad retired at 55. I followed his footsteps as a CPA. He had a good income. He wouldn’t ever be jealous or upset or think differently of me.

No. Your mother might slip it out.

Neither income nor net worth. I don't want it to be a point of comparison to my younger siblings - which they won't but they may slip up and I can't take that risk. No point saying xxx $$$$. They just know we're doing well. Asian here as well.

Absolutely not.

My husband and I wouldn’t tell either sets of parents but for different reasons.

Unfortunately, my mom and stepdad already make a lot of assumptions on their own and have believed us to be well off long before we reached HENRY status. With those assumptions comes a lot of asks and expectations that it’s better off not telling them anything at all or even having to “complain” about our own expenses to them. I could not begin to help them even on small matters as it would snowball very quickly. What works for us is that we pay for everything when we visit them or they visit us (groceries, gas, dining out, etc) and then at least there is a time limitation in place.

My husband’s parents are quite the opposite. They still see us as kids, just making by even though we share work milestones like promotions, etc. We started dating while my husband was in college and I had just graduated. I think it gives them a lot of joy to spoil us with life admin presents, etc. but my husband does have to tamper it down with them every now and then. A good “problem” to have though! We try to spoil them back despite their protests.

My brothers I’ll talk to about it. Aside from that no. Well nvm my cousin too since he’s my financial advisor

lol no. Also nothing coming to us from one side of the family. No idea about the other.

My parents know: 1) if the company I work for ever sells I will retire immediately unless retained for $1m+ for 12 months

2) they ascertain that we are in a decent spot after buying my and my son’s new cars with cash.

It’s somewhat of a weird situation because my sister is also HENRY

Both my parents are deceased but even I know this is bad idea for most people.

Sure, who cares

Absolutely not. (With a few exceptions.

The most likely effect is that you get guilted into something because other people think you should. People have very strong opinions about how other people should expend their energy. Do not open that door unnecessarily.

If it's in relation to estate planning, then your parents need to be told to split their assets equitably amongst their inheritors and not worry about how much each of their children and their children's spouses make. It's irrelevant, and an equitable split will ensure family harmony after your parents are gone.

I told my mom my net worth when I hit $1M but not my salary.

Yes to both, it’s not enough to really lead to any awkwardness and they’re not the type to take advantage.

Hell no

My parents know. But they also have more than me.

Parents know my income but not net worth. They really don't care about money, are retired and have no debt so it's not changed much.

Yes I do. I grew up working middle class and my family is incredibly proud of me. I also share it to show that even with high incomes, it's still challenging to afford homes and kids in HCOL cities. I show them the math, the breakdown, and they know what we go through to achieve our lifestyle. My parents are proud.

No.

My wife doesn’t even know my NW.

She thought something was fishy when I put 2.5M in my kids trust 😂

I’m an airline pilot at a major US airline flying international widebody. They can just look it up on the internet. But that just tells them what I make, not our net worth.

Neither of our families are healthy people with which we have good relationships (with a few exceptions), so the less they know about us the better.

No, absolutely not.

I tell very close friends making similar amounts.

Never share your net worth. Most people don’t even calculate that. Most people in that generation don’t use an app that tallies things up like that.

I regretfully shared my income with a cousin and it changed the vibe. I feel like an asshole now.

family is all wealthy so they don’t really care

if you come from low income then it’s likely a problem

I run into this all the time with my family. They have no idea what me and my wife make. I believe they have an idea, but I try not to bring it up much.

I told my mom. My parents sacrificed everything for us and I wanted to assure her that not only are we fine, I can help them if/when they need. She said she was so happy to hear we were good, and that she has enough and hopes to never ask- and that our success has justified their efforts.

If I didn't know my parents would respond this way, I wouldn't have told them.

Nah. I shared when I paid off my 200k student loans to anyone who would hear it, but I stopped after that. Husband and I are close to 2 million met worth, make myself 500k a year, and I try to keep it to ourselves. My brother in law is weirdly competitive about $ , asks every once in a while, and I'm so tempted to tell him to make him jealous, but I just make a joke and change the topic. K say weirdly competitive because our industries aren't even close to each other and our incomes are widely different so idk why he has a need to know my business.

Never.

Why not, they’d be happy to see how far we’ve come. I’m the child of immigrants, so this would validate that their struggle wasn’t for nothing

Hell no. I don’t tell anyone. Definitely not the parents. Don’t tell the kids. Tell no one. It literally only brings problems. My father would also add that telling people how much money you make will can only lead to one of two things. You feeling bad or the person you are telling feeling bad. 

I don’t share our net worth (plus that fluctuates with the stock market, economic downturns, etc). I do share my salary with my parents and only vaguely what my husband makes (his varies a lot based on extra work he picks up). We don’t live a lavish lifestyle at all, but they know we are “comfortable” and don’t worry about money. As far as I know they are doing ok financially and would never take advantage of us (though I would want to support them in their old age if they needed any financial help).

Hellllll no.

I tell them. It makes them proud. I also handle their finances so I know their net worth which is more than mine at the moment

It sounds like you already know the answer and are just trying to get us to tell you that you're right in not sharing it.

Man, if for your family situation, not saying it is better, then don't say it. Each family is unique.

Hard no

My parents and siblings know my income but my dad made more money in his career than I ever will.

He did set me up for life by paying for med school though.

Hellll to the absolute no

My parents’ NW is larger than ours..probably 10 fold..but I don’t know for sure. They know our finances since we did a “rent to buy” the house they got for us. We recently bought the home 😂 but before then, we shared! However, in laws however, we do not share and they don’t share either, but we can guess.

We all just know everyone is doing ok-don't need to discuss numbers. My elderly mother has taken care of things for herself (trust, downsizing etc...) and just wants to see her kids doing well. If she needed anything or my siblings-we would certainly help each other out but for the most part, we are all ok. (7 kids)

I'm pretty close with my brother and am quite transparent about my net worth with him. It helps that he is financially stable. I'm more coy with my parents about what I make. I don't mind them knowing, just that I don't feel close enough to them to bother telling them.

I doubt it. My mom is super frugal and judges all of our spending.

My parents are always asking my net worth and telling me that I’m a failure for not taking them on all expenses paid trips. I don't care. I don't tell them. I know it will only get worse if I do. They squandered their millions and now want to squander mine.

There’s no benefit to anyone in bringing it up.

I mentioned to my mother once about how much I got in an IPO. She was shocked by the number but it was not even f-you, stop working forever money. More like retirement got moved up 10 years money.

Fortunately, the press was so bad about the “failed” IPO that everyone else assumed I had made nothing. Fine by me.

Don’t give details although it’s a little unusual in my mind that you parents could not compartmentalize the details.

I’m in a similar position. I tell my parents and they know that it’s not fair or wise to share the details. I’ve also said that I don’t want or expect an inheritance, which is also fair and consistent.

It does depend a little about the numbers. So if I “keep it real”, if my parents estate was tens of millions then I might make different comments. But that’s not the case and so what I’ve told them is fair for my parents and for my siblings

It depends, but generally it is a good idea to not discuss money with family members, particularly ones less fortunate or financially illiterate. It’s best to simply say, things such as “we are comfortable” or “we have stable jobs” or “we had a good year.”

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me and my wife are both the only child so we share everything between parents. all the fortune will be distributed to our three children.

I've never told anyone my income, but I'm on a sunshine list, so anyone can look it up. And I did tell my parents that I earn about the same as my husband, so they can figure out our HHI if they want to.

Yes. But my mom is authorized on many of my accounts.

But I’m also a millionaire and so is everyone in my immediate family. Mostly stocks. My parents have 3 other homes besides the family house too.

I mostly just check in with her to show her I’m on track for my retirement and share financial milestones like that I was buying a house and stuff like that.

Interestingly my net-worth is about double my brother and sister. They are slightly younger but not by that much the difference is I’ve worked and invested and saved and gone without months long trips to Asia and South America.

I am cheap/ lazy too so I file taxes at their house and my mom sees it but that will change after 2025 FY because I have a kid and I can’t spend 7 hours on a few Saturdays arguing with her about how I do it anymore- just gonna pay someone (which I say every year)

Nope. Not without a good reason. Nothing to gain here.

No. None of their business.

This will vary significantly depending on your parents.

Mine are great with their money and I am finally doing well enough for them to stop worrying. This gives them peace of mind. They’d never ask for anything, and I’d 100% step in to help if they needed it. So transparency isn’t an issue.

I recognize different folks have different situations.

If you’re unbalanced don’t tell. When the time comes for inheritance if you don’t need it and your siblings (nieces/nephews) could use it more you can consider gifting your portion to them.

Me: NW $2MM, HHI ~$450k, age 36, VHCOL. Parents: high 7-figure NW, retired, age 70+, VLCOL.

My dad and I discuss fairly openly. He was a CPA, and eventually a small business CFO/co-owner and has more money than he needs in a small town (they live comfortably but watch their spending as if it matters... It does not matter.)

Main reasons I'm so open are (1) I know he's proud of my career progression, (2) I value his financial advice, and (3) I want him to be comfortable with my family's financial security so he can feel more free to spend on himself/my mom while they're still healthy instead of holding back so he has more money to bequeath to my brother and me eventually.

Right now, it feels like his biggest financial concern is his two kids; my parents very generously gift us $$ each year up to gift tax threshold, but won't take a trip to Hawaii in the winter together because "flights are just so damn expensive, even with a Companion Pass!"

Though I have two kids in daycare, and things are far from "easy," I make more annually than he ever did in his life, and we are secure in our lifestyle. I tell him constantly that they don't need to worry about me and he and Mom should go blow $10K on a viking river cruise or $40k on the '54 Cadillac he's worshipped for the last 50 years. But he'll never do it bc he's just fine with his 2016 Chevy Equinox smh.

I've been open with my dad but no one else. I think he's the only one that would just be proud and not have any sort of resentment or judgement or "well why doesn't he just pay for every dinner we go to together forever". No one else in my family probably has any clue.

So I think it depends on the audience and their specific personalities.

Nope. They can probably piece a little bit together from real estate but from the way they talk about other relatives absolutely not.

Nah. My parents would hit us up for money even more than they do now.

I had the naivete to use my brother as our family financial advisor and would advise others against using family as someone tried to warn me. He and my dad work together, so my dad has knowledge of our assets, which played out very poorly for my family. He used this knowledge to justify early inheritances to two siblings when my mom died because they are the spend now, save later types and on paper look needier. My spouse and I were basically punished for doing the responsible thing. We then lost half our income and are currently asset rich and cash poor at the peak of expense years(kids in college, 5 drivers, etc) while my two siblings with early inheritances are living the high life with the sudden influx in cash in their 40s with 25 years of growth on that windfall to boot. My dad looks at me differently knowing what we have in retirement accounts, and I absolutely hate it. Not every parent would behave this way, but he has always had a weird relationship with money for a financial advisor, and planned very poorly even though he helped hundreds of clients plan clearly for their own futures. I literally could not have written a weirder future for myself within my nuclear family at this stage in life - totally unexpected. I vote to keep the information private because you never know until the situation arises how people(even people you know and love) will react.

My mom will fuss at me for buying steak at the grocery store when it's not "on sale." Because buying things not "on sale" is wasteful. Which there is some validity to. But I perceive that I have achieved a level of grocery store financial independence that allows me to buy whatever I want to eat from the grocery. If I pay a few dollars more because I buy steak when I want to eat steak and not when steak is "on sale," then so be it.

So I don't even tell my mom about my grocery buying activities anymore, much less my income or net worth.

My mom thinks she knows/ knows the minimum and she treats me like absolute shit because of it. Even told my sister in hopes she’d join he in the hate train. I highly recommend not.

I love to start off holiday conversations saying “Merry Christmas, my networth is $5 million and my income is $500k a year! I am so blessed”

my fiance and I tell HIS parents because they’re so wealthy, there’s no possibility of jealousy. My parents struggle a lot and my mom has expressed jealousy in the past of my education, so we do not tell my family openly. They know we take care of ourselves fine and have good jobs but no one else needs to know our exact household income.

Hell no. Don't tell anyone.

yes, we’re completely open about finances. they have higher income / net worth than me anyways, but even if they didn’t i can’t imagine it being awkward.

They have a lot more and decades of compounding investment. They've never cared how much their kids make as long as their kids are healthy, happy and living life to its fullest.

Yes I did. I was tired of them saying I was buying everything - my nice clothing, vacations, travel experiences, gifts, my porsche, makeup, you name it - through credit cards and racking up my debts. 

Their jaws dropped in disbelief when I told them I have zero debt on all my credit cards and have a net worth of 3.8 million. 

I thanked them for teaching me to never give up on myself or my dreams, it has truly given me my happiest life.

I never lie, especially to family. 

I don’t walk up to family and say “hey I just want you to know my net worth is xxxxxxx. 

But if someone ask I’ll honestly tell them, because it would be immoral and unethical to lie. 

Saying “I don’t want to answer that question to you” is very insulting, and I need to be prepared for the insult I’m giving an the negative feeling that will be had by anyone I say that too.

I’m more apt to decline to answer a question with “I’d rather not answer that” to a stranger or someone I’ve just met or casually know. 

No. It’s not their business

I boast about it to them constantly. What kind of question is this?

There is absolutely no reason for anyone but your spouse and banker to know your finances. Anything else is almost guaranteed to cause problems.

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Never said how much I made, but my mother started talking about how she needs to start “pre-gifting” her assets and has always felt she needs to do it equally. I finally told her what we have saved for retirement and it blew her mind. Finally gave her a level of comfort that it’s ok to gift to those that need it.

I always say my wife takes care of me as she makes big money

My mom is my CPA. Why would anyone care what the two people that are supposed to want me.to succeed the most know?
I wouldn't want my siblings or anyone else to know. But parents? Who spent time, money and love raising me? I want them to know I'm successful.

Just think of the outcome to help guide you. For me, I can’t think of one positive thing that would happen if I did.

I think this depends a lot on your relationship and its dynamic with your parents. My parents know how much I make, how much I have, and my dad mostly knows where I’m invested too. They never asked me for anything and my NW is more than triple yet they ask me often if I need money from them.

absolutely not, zero chance

Nah, they got an idea though. Announcing your net worth and income made sense to me when I was younger and poorer, I never understood why people that were better off never talk about it.

Now I understand.

Keep it to yourself!!!!

My parents have a loose idea, but they get jealous or entitled so we don’t talk money much with them. They were a decent middle class while I was growing up but grossly mismanaged money with every turn. We get a “must be nice” attitude.

My MIL knows specifics. She is a business owner, very financially savvy, heavy into investments, is very generous financially and better off than us (we will be inheriting multiple millions from a family trust). That said, it’s really because she’s proud of my husband’s and my success and hard work. She tends to give us good advice and comes to us for feedback as well.

My parents and in-laws yes but my brother in law and his wife’s parents I wouldn’t even let them in my house.

My mom and I went into business together 5 years ago. We make the same amount of money. So I guess I don’t have a choice.

I don’t share my earnings with my parents or siblings. They aren’t party to my financial decisions so there is no NEED for them to know.

Your parents should structure their will and asset distribution in a ways that meets their own personal goals. It’s unclear why they would need to know your salary to do that.

If your mother is hinting that she needs to know your salary, I’d ask her exactly what info she needs and how she plans to use it. Then I’d decide if there was less sensitive info that would give her what she needs. I don’t know your family, but I wouldn’t be surprised if your mother wants to know just because she knows everyone else’s financial info. Plain old curiosity would not be a good enough reason for me to disclose.

1000% NO

Yes. My parents are not wealthy but have done very well for themselves in saving for retirement. Both I and my dad use Monarch, I have access to all their passwords via his password manager in case of emergency and I am the executor of their will and trust. I frequently update them on how my investments are doing and they're pretty much the only people in my life who know specifics.

I regret telling my brother and my mother.

I'm open with most people who ask simply because I work for the government and so it only takes a little googling and knowing a few details about me to figure out how much I make, or at least close enough.  

I don't like announce it though.  I know my dad has had finance issues in the past (just came up when I bought a house...we share the same name), and my inlaws were both lower earning government workers for their whole career, and my sister and brother in law earn together only about 1/3 of what I do alone before adding my wife.  Don't need to rub people's noses in it, would rather just be arbitrarily well off and able to swoop in to help if something critical happens.  

None Of Their Business If You Are For Them To Help You Financially.