June 6, 2008

what is a dollar worth?

Posted in money, parenting tagged , at 6:34 pm by weiszguy

A very interesting article on MSN today.  Apparently, a dollar looks different to children in poor families than it does to children in wealthy families.

To the scions of the überwealthy, a dollar will look like a fraction of a down payment on a zippy new Alfa Romeo. To those on the other end of the spectrum, it’s a defense against an avalanche of bills.

They also have different ideas about how much money you should have, or how much you can have.

There’s already a belief system in place from kids who are poor or middle class that they feel like you shouldn’t have more money than you need, whereas the wealthier kids are saying you can make as much money as you want: ‘Look at my dad.’

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