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?
From my own point of view investing on ones child is a good thing but it's not an avenue or a medium of investment having mindset of getting your rewards when the child come of age, definitely investing in a child should be parents priority but not making it as a formality cause most kids grow these days to forget how far their parents have invested in them as pertaining education and want the Best when they are literally out and doing well in the society.what about those kids that didn't get much investment by their parents cause their parents can't afford the best but they still come out best in the society and make their parents proud.
So what I'm saying is give your child the best you can,not by going extra miles to take loans,I know most parents do that but a child that knows what the parents have gone through for him or her would do well to make their parents proud with or without them investing on them on such rates.