Thoughts and opinions: children don’t know they’re poor/rich

They absolutely know. Maybe little kids don't but once they get to school or get into social media and have something else to compare it to (if you don't already have family that come from different financial situations) they do notice.

It depends on how you show it to them feel about it

It all depends on the way they are raised and also the age. A 2 year old has no idea how much money mummy and daddy makes but a 12 year old will be very aware that children at school have more or less than them. I don’t think it matters if kids know that their parents are rich or poor i think it is more important to raise them to view it is unimportant and to treat people the same regardless of trivial things especially wealth. And also if you are lucky enough to be ‘rich’ then you raise them right not to take advantage of that or look down on others who are not so lucky. :)

Depends on what you count as rich Not everyone is rich in many ways (monetary, material or emotional)

@Heather rich regarding financials. Poor regarding financials. *Everyone can be rich in emotion but you cant pay your mortgage lender or car note in smiles. We tried this and it got us nowhere 😂😂

they know especially once they start having playdates and seeing other peoples homes

I believe that they do know but mainly because other children make social comments, or they start to learn the value of money. For example, my step children know we have more money than their mother does, reflected in the things we have, eldest is 9 so is begginning to realise that bigger TV = more expensive, newer car = more expensive, PS5 = more expensive than previous model etc. we’ve never made any comments about our finances or their mother’s finances. Their mum also says ‘we can’t afford that’ a lot, so they relate more money to being more expensive. We have more ‘big ticket’ items like a brand new kitchen, brand new car etc, so they think we’re ‘rich’, and know that their mum struggles.