That's why it's important to be honest with your child, but also be careful about providing too much information, particularly information that your tween can't handle or process.
When explaining your layoff to your tween, be straightforward. Tell him, "My company has had to make cuts, and unfortunately my position was eliminated." Explain to your child that you're disappointed and sad, and that your loss means the entire family will need to cut back.
Don't share all the details of your economic situation with your tween. He'll likely be worried about you and your family already, and he doesn't need to be burdened with concerns about whether or not you'll be able to pay the mortgage or the electricity bill. However, be sure that you include your tween in family decision making. For example, you could ask your tween to come up with three ideas to save money. This will empower your child and help him cope with the stress of your job loss. It will also give him the opportunity to make a difference, by helping you and the family.
Many tweens notice when their parents are under stress, and will try to lighten the situation by entertaining them, joking around with them, and helping them around the house. Let your tween make these contributions, as they may cheer you up, inspire you, and ease the stress of the household. Also, don't be surprised if your tween lashes out at you at some point, blaming you for your job loss and the family situation. These feelings are natural tween reactions, and you should refrain from overreacting. You could say, "I know you're angry about this, and I'm angry too. Let's work together to make this better for everyone."
Also, be positive with your tween about your situation. You could say, "I'm sad I lost my job, but I'm actively trying to find a new one, and I know that our family will work together to get through this situation." Be sure your tween knows that in the end, everything will be OK.
If you fear that your situation is causing depression (either in you or your child), you may need to consult your doctor or your child's pediatrician for assistance and support.
It's also important to note that children are more likely to face physical and verbal abuse when their families are under stress. Reach out to family members, friends, your church, or family agencies if you think you need assistance or support.
