October 12, 2008
This is a real article...
...allegedly about real people having to say no to their children for the very first time:
“Parents are suddenly saying ‘no’ and their kids are saying, ‘What do you mean?’ ” said Robert D. Manning, an economist at the Rochester Institute of Technology and author of “Credit Card Nation.”These are difficult conversations. Panicked, stressed parents are struggling to explain and impose restraints, just when teenagers are expecting more spending money, not less. Many adolescents respond with anger at what they see as a bait-and-switch world, fear for their families and confusion about budgeting.
The heart, it bleeds.
Posted by Karol at October 12, 2008 11:11 AM | TrackBackTechnorati Tags: Financial+Crisis
You have a new Sunday branch hobby, reading NYTimes? Not very good for your digestive system, IMO - you can choke on food while laughing.
Posted by: Tatyana at October 12, 2008 11:25 AMI'm a total sucker for their completely retarded "Modern Love" column (really, if you want to see how humanity is lost, this is the column to read). And while I'm in the Style section already...
Posted by: Karol at October 12, 2008 11:27 AMTo quote my own mother: "The butt whuppings you administer from ages 3-5 save you the headaches from 15-18."
Have a coworker whose starting to enter this zone now. Trying not to laugh too hard.
Posted by: James at October 12, 2008 11:50 AMIt's about time that parents did this. A young kid can get a paper route, and a teenager can find something a little higher up, to learn the value of work and saving.
My parents wanted me to focus on my studies and didn't want me to get a job. My father as a result strictly controlled my spending, keeping my savings in an account only he could access, from which he withdrew only as needed (according to his determination). When I was 16, I wanted to upgrade my graphing calculator to a new model. He refused to give me the extra $35, just $35, so I could buy my new toy.
Well, my mother badgered my father until he relented, and I became all the worse for it.
Posted by: Perry Eidelbus at October 12, 2008 01:44 PMI hate rich kids.
Posted by: Not Dawn Summers at October 12, 2008 01:47 PMThis of course presupposes that the adults have a grown-up approach to finances themselves. I can't tell you the number of couples who would put themselves into debt for the latest gadget(men) or bag (have a guess).
Posted by: bryan at October 12, 2008 04:32 PMWhen I graduated college, graduates left college with an average of $10,000 worth of credit debt.
I wish I was kidding.
Posted by: Pokerwolf at October 12, 2008 08:33 PM
