Sometimes people overcompensate for mistakes their own parents made.
I was forced to give up private music lessons when I started to fall asleep in class in high school. I had a part-time job and traveled more than an hour each way to school. Add in homework, and something had to give.
I swore I would not do something like that to my kid. The part-time job idea was the thing to go.
So I am one of those who made the big mistake described in the story.
What is the answer? You have to do both somehow. Let them continue something they truly love and have shown talent for, but get some earning experience in there somehow as well.
Also, I think, a firm instruction in the way of the world and the old American work ethic. I trusted 16 years of Catholic school and my own good example, but it wasn’t enough.
A huge factor. Huge.
Obama’s recession cost me my retirement.
The best thing we could do for young people is to end ALL immigration for 30 years.
The book “The Millionaire Next Door” found this 25 years ago. The more economic outpatient care you give your children, the less wealthy the parents are AND the less the children are over the long term. They earn less in response to receiving gifts.
Worthless college degrees is CORRECT, many,many, in our day never went to college, they worked their way up in companies the debt these kids have right out of the gate is absurd!!!! Government taking over college loans was a deliberate way to get these kids NEVER able to get ahead!!!
Double whammy.
Most of the parents who are in this situation sent their kids to public schools, so they deserve it.
Those parents raised their children to be leeches and were not smart enough to cut them off. I would rather the enablers rather than the taxpayers foot the bill for their leeches.
I guess this generation won’t be funding the baby boomer Social Security ponzu scheme.
I loved my children too much to allow them to choose college majors that led to careers asking “would you like fries with that” or to a lifetime living in our basement. Contrary to the liberal image of love as a blind blanket blessing of all choices, real love requires firmness as appropriate.