You looking from TV and see that homeless people you think they born poor but it's not case i've met with many who use to drink and Party in Europe bahamas like 100-300k easy in one year and now they are broke.
Once the guys like joe Biden will go away their kids can't handle nothing maximum will be that they easy targets for foreign sharp minded people to take advantage of the situation.
For the first time, I heard that people from Canada and the USA are homeless and this is because of the misinformation that I experienced that in these countries, there are no poor people and every person lives their life above the poverty line. Now coming to your point we always hear that educate your child in the way that they understand about what is right and what is wrong. When they contrast these two things they will not waste money instead they will find other ways to grow their business and invest in other things also. When we leave our children without asking anything about what they are doing and providing the things before they were asked for will make our children more irresponsible and after our death, they will destroy the whole bank balance and come to the road.