Why our kids expect to be rich...

[tld221]

i read this article at work on Friday...

i think most of us have been raised in a culture where either our parents were:

a. poor and raised us with the mentality of "do well in school and make the kind of money i never could"
b. middle class parents who busted their humps as first-generation college graduates and raised us with the "if i can do it from scratch, surely you can with the modest upbringing we've provided"
c. parents who are wealthy off of new money and while they can revel in their family's fortunes, their parents are putting serious limits on the access to the money and saying, "this money will be here for you but you also need to earn your money for yourself."

as for why kids expect to be rich, of course the media has a big part to do with it (constant celebrity focus on how much money they make, how much they are worth, and even how magazines do spreads on how to front being rich without actually being rich). but in a "rich" society like ours, its no longer a matter of "if i become rich" its "how am i going to get rich" and even more so "when am i going to get rich"

parents have also found ways for their children to be rich way earlier in their lives - to become the next sports star, olympist, musician, beauty paegeant winner, etc... it's not even about the talent and "oh i want my child to realize their dreams" its about "how much can my child make on the stage/in the arena/with x, y, and z endorsements"

lastly, kids may "expect" to be rich because they see that, unlike their parents, you dont have to "work" to get rich. instead of 40 hr work weeks until youre 55, i know kids (and i guess young adults our age) who are getting their hands in many different areas - the whole idea of doing enough to have your money work for you.