You gotta love this kid!
Dorothy and I received the following email from one of our children last night. We’ve not yet addressed his concern. Instead, We asked him to forward his source of information.
Please read with consideration.
i just read that more than half of parents give their kids $65 dollars a month. that is $16.25 a week.
in addition, more than half of parents give their children around $112 dollars for straight As (equaling $16 dollars an A)
Think that’s high? Not really, Inflation isn’t just messing with the price of groceries and gas, Inflation has hit the Lego and Paintball industries just as much.
Inflation is bound to go up, and If Brother and I get $7-8 a week (Totaling $28-32 a month) then that’s not even half of what the vast majority of children (including 8 year old kids) get.
Just think, once we leave your house, we’ll have our College Fund (which we greatly thank you for) until we graduate college.
Then what? inflation has gone up. and with our allowance, we could save around $1,344 since the beginning of High school. Whereas most children could save around $3,120 since then.
We would start real life with around 1 third as much as most young adults, which could lead to financial poverty later down the road.
Parents, I ask you to consider what I’ve said.
We think we’ll encourage him into law school… 😉 …