Does Spoiling Your Kids Help Them Get Ready For The ‘Real World’?
The 'Real World' is a tough task to handle, so hopefully when you leave the nest you're ready for what gets tossed your way.
If you've been spoiled most of your childhood by your parents, do you think that's the preparation they need to handle the 'Real World'. It will be tough no doubt especially when you've had everything handed to you on a silver platter.
A good article on the Today.com website showed that in a new study, rich people tend to spoil their kids, even when they don't want to.
Based on research at least 82 percent of the American millionaires said their kids alone should be responsible for creating their own wealth (in 2007 it was only 65 percent).
On the other hand, 80 percent of the rich state their most important goal is raising hard-working, successful kids.
Where do you draw the line?
According to the study a lot of the rich aren't walking the walk and talking the talk as they're leaving kids more than $500,000 along with 61 percent passing along a tremendous amount of inheritance. Oh yea the financial support they get while growing up, that's not included in that.
My folks weren't poor by any means but weren't millionaires either and I grew up in a household where you learned to earn your keep and that helped me out to the point that when I checked out of the house I was ready for the 'Real World'.
Bottom line is that most of the wealthy (like most of us) want their children to succeed on their own but really aren't following through with the cause and letting them do it.
What's your approach to parenting? I thought this was an interesting article as how some 'ease' their kids into adulthood.