"It's the natural instinct of every parent to want more for our kids than we had ourselves. It's also natural to think, when we see anyone living a life we perceive as easier than our own, Must be nice. Reconciling these two natural responses takes practice and will be the key to navigating how you feel about the privileged circumstances you've provided for your children."
"changed financial status? spoiled brats, but there's a level of expectation, because things that were unfathomable to me as a child - yearly vacations, expensive extracurricular activities - are just the norm for my kids, who are in early elementary school. financial security and privilege than I had as a kid. That makes me hugely happy, but I'm struggling to help them understand their privilege and appreciate the value of a dollar."
Parents naturally want more for their children than they had. Children raised with greater financial means can treat expensive experiences and activities as the norm, creating expectations. Reconciling parental pride and envy requires practice and active reflection. Teaching children about privilege should center gratitude, modeled behavior, and explicit conversations about luck and differences in opportunity. Practical steps include involving children in charitable giving, linking chores to allowances, explaining spending trade-offs, and exposing them to diverse socioeconomic perspectives. Parents also need to examine and heal their own childhood money hang-ups to provide consistent, grounded messages about money and values.
Read at Business Insider
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