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?
For me I will say parents should not spend all their resources to train their children in school. Yes school is good but they should also make some savings to give their children a start up capital to start up their dream business when they graduate from universities. Any parents that send their children to school mean well for them, because education is vital for personal growth. spending on children education should have a limit, because things are changing as there are there are no more government jobs and the private sectors are sacking more than they are employing. So instead of sending a child to a school where you will pay over $5k as fees for an academic year, you can decide to send the child to a school where you will pay $2k and save the rest. If you do this and when the child graduate without job, you can give the child the capital saved to invest in businesses. When this is done the child won't have to depend on his parents again for survival and he won't spend countless years waiting for jobs that ain't coming forth. He will be an employer of labor instead of waiting to be employed.