Distress
Psychology Today, 2016
... the offspring of the affluent today are more distressed than other youth. They show disturbingly high rates of substance use, depression, anxiety, eating disorders, cheating, and stealing. It gives a whole new meaning to having it all.
A delicate balance
Financial Post, 2021
Wealthy parents face delicate balance when passing their money on to their children — especially the wayward ones
Giving children too much money too early risks indulging them and making them irresponsible
Millennials and money
TIAA Institute 2020
62% of millennials assess their own financial knowledge as high or very high; however, only 19% of
these respondents could answer the three financial literacy questions correctly. These results indicate
overconfidence among millennials.
Too sheltered!
DNA India
Many parents try to shelter their kids from financial realities ...
Financial uture
Chris Wren
Your children’s education, financial future, health and happiness are probably the most important issues you will ever deal with as a parent.
Ignorance is not bliss!
Parent
Just because kids have access to money, doesn't mean they understand it! Too many are scared to share their ignorance, but it is not their fault!
Pressure and status
CNN, 2019
For some wealthy parents, the pressure to extend their social and financial status to their adult children can be overwhelming.
The recent college admission scandal revealed shocking things parents were willing to do to secure spots at top schools. But those same motivations drive some parents to bankroll their kids' lives into early adulthood, often to the detriment of the family.