Quote from: Fortify on Today at 08:12:19 PM

Quote from: Zlantann on June 07, 2024, 09:29:55 AM

There is a current trend in my country where parents are doing everything financially possible to give their children the best education. Some parents have gone to the extent of selling properties or taking loans to send their children to some of the best schools in and outside the country. I have spoken with some of them, and the reason they give is that this child will get good jobs and take care of them in the future.

I had to bring up this issue because most of them are becoming disappointed and depressed. In my location, children are seen as an investment because they have the responsibility to take care of their parents when they are retired, old, or unemployed. So parents will want to invest high in education because they think it will bring high returns. Many of these students who attended prestigious schools end up becoming unemployed and are still depending on their parents to survive. I also assume that many of them regret going the extra mile to give their children the best. They have lost money and are also in debt but their children are still dependants.

Do you think parents should have a limit on the amount they can invest in their children?

There is always going to be a limit to what you can invest in your children, it is defined by your income and your expenses. If someone is struggling to get by in a minimum wage job and barely covering their bills, they often go without so their children can have the basics covered. However if you are in a high end job, like a doctor for example, then they will usually send their children to private schools and give them all the extravagances they might desire in their developing years, while hopefully keeping them grounded - but the parents can still have a lot of slack left in their own income after paying for these things. I'd like to think that most parents will prioritize their children and not have any ulterior motives behind it (like expecting care when they are older)

Actually its not really that an investment but rather its an obligation or something that our responsibility to spend something to raise up our kids on which it would really be just that normal. I dont know on why it do end up on having those terms about being an investment because there's no assurance that your kids will really be looking back at you, at the moment that you do have that kind of sense of responsibility that you are pointing out into your kids then you would really be expecting something in return on which we know that its a bit absurd on this aspect. This is why it would really be important that you should really know
about your responsibility as a parent and never ever make yourself that making your kids as some sort of investment on which giving and providing it all because you've been expecting something in return in the future
about supporting you on the time that you do get old.

It would really be that just right that you should be doing your responsbility as a parent and never ever expect something in return and thats why it would really be that relevant or important
that you should really be having that kind of back up and savings both you and your wife or husband on the moment that you do get old so that you wont really be finding yourself to be that
needs support.