What kind of impression is such Dad creating for his kids especially the male kids?
He begins to show the child that the attitude of a father is exactly like a loser and he does not set a good example for his child's growth so that the child does not see a responsible father figure in the family.
How does he expect the wife to feel?
What advice can he give his kids while he is not a good example at all?
I am sure his wife is so disgusted by her husband's behavior and it is an act that a man who is responsible for his family should not do.
If you are the daughter to this man and realized your dad stole your savings money, how will you react?
Boys need to be educated about responsibility and maybe the role of the father will be an example for him, but how can he take a good example when his father behaves badly like this. The child will definitely have problems in his later life because I am sure he did not get a good education from the way his parents behaved.
This can also cause problems in the child's life because he might behave the same as his father. The last bastion is the mother and if she is unable to provide a good example then the child will follow the actions of his father.