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Is Your Kid's Greatest Fear About Money The Possibility of Having to Support You?
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| Is Your Kid's Greatest Fear About Money The Possibility of Having to Support You? |
| 11.22.04 (10:31 am) [edit] |
This was an interesting yahoo's article which shows that something is going wrong and that children know:
http://biz.yahoo.com/pfg/e05kids/art011.html" title="http://biz.yahoo.com/pfg/e05kids/art011.html" target="_blank"http://biz.yahoo.com/pfg/e05k...
Is Your Kid's Greatest Fear About Money The Possibility of Having to Support You?
A Suze Orman exclusive
Even your eight-year-old might say yes! About a year ago, I was in a suburb of Chicago visiting a lab school there and speaking about money to a classroom of eight-year-olds. This school was expensive to attend, about $5,000 or more a year. So you would think that parents paying that kind of tuition for an eight-year-old would not have money worries. Which is why I was so shocked by what happened.
There were about 20 kids in front of me, and I asked them a simple question: What is your greatest fear when it comes to money? The parents in the room rolled their eyes when I asked this question; I could tell they were most likely thinking, "Suze, have you lost it? Second-graders don't worry about money." But one sweet little girl raised her hand and said the following: "My greatest fear is that one day I will have to support my parents." The room came to a total stop. What did she just say? I asked her why she felt that way and she said that almost every night she hears Mommy saying to Daddy that if he doesn't stop spending all their money on electronic gadgets they were going to end up in the poorhouse with no one to support them.
And that wasn't the end of it. I looked around at the rest of the children, assuming the little girl who spoke up was a rare case, and I asked the other kids if they could relate. One by one, they started raising their little hands to say something similar. Sad as it is, this is a very true story.
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