Parents, How Much $ Did/Will You Allocate for Allowance?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

That is whygraduates do not find work. They never have worked in their life and a potential employer will tather consider a candidate that did not have daddy to pay for everything. At least one like that can work

Really? THIS is why graduates can't find work? You sound silly!

Who's asking about monthly allowances during a job interview?

I'm certain my child's unpaid summer internships will make him more appealing than the kid who worked in the school cafeteria for spending money.

internships are not as grand as they used to be. Everyone knows you just made the coffee.
The kid that juggled a job and college must surely be way more mature.
Employers do not care about gpa. Just are you the right person for this particular job

You sound very silly, as many--if not most--internships provide REAL LIFE experience. And resumes/references allow prospective employees to flush out what the applicant actually did. But it's cute that you think you know what all employers think and want.

And it's YOUR assumption that the kid who worked must be more mature. And it's obviously a flawed assumption because many, many, many kids who did not work during college end up getting jobs. They don't go into the interview looking burned out and sounding as if they have a chip on their shoulders. But again, your assumption about what all employers think--based on your limited perspective--is cute.

And now employers don't care about GPA (BS. Otherwise they wouldn't request them.) They just care that you are the right person for this job. BINGO! THAT'S what they care about. Not whether or not you worked and juggled school.

Again, my child's internships and study abroad will make him a much more attractive candidate than the one who struggles to juggle work with college just so they can afford some down time at the movies.

As a hiring partner at a management consulting firm, not only are you wrong--I absolutely value someone who worked their way through college over someone who had a bunch of bs unpaid internships--but the stereotypes generally hold up. I get the most work and the least drama from jr staff who had to earn money to help support themselves. The ones who had mommy and daddy pay for everything (or even worse-still do) tend to act like they are doing me a favor by working here. Um, no. I'm sure they will all end up fine eventually, but it's better if people develop a work ethic before they get their first real job.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

That is whygraduates do not find work. They never have worked in their life and a potential employer will tather consider a candidate that did not have daddy to pay for everything. At least one like that can work

Really? THIS is why graduates can't find work? You sound silly!

Who's asking about monthly allowances during a job interview?

I'm certain my child's unpaid summer internships will make him more appealing than the kid who worked in the school cafeteria for spending money.

internships are not as grand as they used to be. Everyone knows you just made the coffee.
The kid that juggled a job and college must surely be way more mature.
Employers do not care about gpa. Just are you the right person for this particular job

You sound very silly, as many--if not most--internships provide REAL LIFE experience. And resumes/references allow prospective employees to flush out what the applicant actually did. But it's cute that you think you know what all employers think and want.

And it's YOUR assumption that the kid who worked must be more mature. And it's obviously a flawed assumption because many, many, many kids who did not work during college end up getting jobs. They don't go into the interview looking burned out and sounding as if they have a chip on their shoulders. But again, your assumption about what all employers think--based on your limited perspective--is cute.

And now employers don't care about GPA (BS. Otherwise they wouldn't request them.) They just care that you are the right person for this job. BINGO! THAT'S what they care about. Not whether or not you worked and juggled school.

Again, my child's internships and study abroad will make him a much more attractive candidate than the one who struggles to juggle work with college just so they can afford some down time at the movies.

As a hiring partner at a management consulting firm, not only are you wrong--I absolutely value someone who worked their way through college over someone who had a bunch of bs unpaid internships--but the stereotypes generally hold up. I get the most work and the least drama from jr staff who had to earn money to help support themselves. The ones who had mommy and daddy pay for everything (or even worse-still do) tend to act like they are doing me a favor by working here. Um, no. I'm sure they will all end up fine eventually, but it's better if people develop a work ethic before they get their first real job.

And you are what? Just ONE person?

You do realize your ONE anecdote is not representative of the larger hiring pool, right?

Based on anecdotal evidence, I'm certain most of us will argue that students who do not work during college end up doing better than fine. I didn't work and NEVER had a problem getting jobs during my career. And based on the experiences of my friends and colleagues--whose children also did not work during college--jobs are plentiful, no one asks or cares about how they got spending money during the school term and their internship experiences were not discounted. In every case it was considered real life experience and much more valuable than unrelated workstudy jobs. In fact, many of those students were hired where they interned--which is another benefit of interning.

However, I'll leave you to your hiring practices and prejudices. After all, they have no impact on me or any impressive new college graduate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Again, my child's internships and study abroad will make him a much more attractive candidate than the one who struggles to juggle work with college just so they can afford some down time at the movies.

As a hiring partner at a management consulting firm, not only are you wrong--I absolutely value someone who worked their way through college over someone who had a bunch of bs unpaid internships--but the stereotypes generally hold up. I get the most work and the least drama from jr staff who had to earn money to help support themselves. The ones who had mommy and daddy pay for everything (or even worse-still do) tend to act like they are doing me a favor by working here. Um, no. I'm sure they will all end up fine eventually, but it's better if people develop a work ethic before they get their first real job.

And you are what? Just ONE person?

You do realize your ONE anecdote is not representative of the larger hiring pool, right?

Based on anecdotal evidence, I'm certain most of us will argue that students who do not work during college end up doing better than fine. I didn't work and NEVER had a problem getting jobs during my career. And based on the experiences of my friends and colleagues--whose children also did not work during college--jobs are plentiful, no one asks or cares about how they got spending money during the school term and their internship experiences were not discounted. In every case it was considered real life experience and much more valuable than unrelated workstudy jobs. In fact, many of those students were hired where they interned--which is another benefit of interning.

However, I'll leave you to your hiring practices and prejudices. After all, they have no impact on me or any impressive new college graduate.

Ha ha. OK, I readily admit that when I hire people out of college I have a prejudice for people who have had real paid jobs over those who have not. Do you get what employers are looking for? Hint: not "content" expertise, because no kid walks in the door with the knowledge and skills you need anyhow--they always have to learn on the job. What employers are looking for is someone who is hardworking and wants to learn. I really like to hire people who were promoted in their work study or summer jobs to have some supervisory responsibility. I don't care if you worked in food service, retail, or if you shelved books in the library--if your manager identified you as a successful, responsible person who can be trusted to get the job done, to maintain standards, and to deal with other people, I am going to trust that you will do the same for me. Most unpaid internships are not equivalent to real jobs--sure, you may get exposed to some things, but you don't usually get real responsibility. (Those internships are paid.) I am baffled as to what a study abroad experience would bring to the table.

And you're right, I wouldn't ask where people got their spending money in college, but you'd be surprised at what a 22-year-old will reveal in an interview when you ask how they ended up with that summer job.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You all need some perspective. When I started college in the late 1990s, my parents didn't pay for any of it. I had a scholarship and some small loans to pay for housing. My mother scraped together $100 to give me as start up cash, dropped me off, and that was it.

I know, I know...the horror. But I live to tell.

So what? When I started college in 1995 my parents paid for everything that financial aid didn't cover AND sent me money once a month. I'm sorry you had to take out loans, I'm sorry your mom couldn't give you more than $100, I'm sorry you didn't get more financial support. But you probably didn't get it because your mom didn't have it to give. My parents had more to give, so they gave it. I have a very strong work ethic despite that, and despite moving home after college for a couple of years. Don't we want better for our children? I want mine to struggle even less than I did. I really believe that can be balanced with teaching them the strong work ethic my brother and I have.

PP you quoted here. Based on your post you sound intelligent and very reasonable about teaching your kids the value of a strong work ethic. I agree with everything you said. I most definitely want my DD to suffer less than I did. I still would maintain that some of the "budgets" being discussed here are ridiculous. As someone who manages young employees in the workplace, I have dealt with more than a few new graduates who were horribly entitled. Reading this thread has given me a glimpse of the kind of parenting decisions that *might* contribute to that kind of attitude.

[Anonymous]

wow, this really goes on??? i am completely and utterly shocked! i went to college in the 80s and my parents paid my tuition and room and board but all my spending money came from my work/study job. i can't imagine having my parents pay for my alcohol, pizza and hair appointments! i am seriously shocked that people do this!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Again, my child's internships and study abroad will make him a much more attractive candidate than the one who struggles to juggle work with college just so they can afford some down time at the movies.

As a hiring partner at a management consulting firm, not only are you wrong--I absolutely value someone who worked their way through college over someone who had a bunch of bs unpaid internships--but the stereotypes generally hold up. I get the most work and the least drama from jr staff who had to earn money to help support themselves. The ones who had mommy and daddy pay for everything (or even worse-still do) tend to act like they are doing me a favor by working here. Um, no. I'm sure they will all end up fine eventually, but it's better if people develop a work ethic before they get their first real job.

And you are what? Just ONE person?

You do realize your ONE anecdote is not representative of the larger hiring pool, right?

Based on anecdotal evidence, I'm certain most of us will argue that students who do not work during college end up doing better than fine. I didn't work and NEVER had a problem getting jobs during my career. And based on the experiences of my friends and colleagues--whose children also did not work during college--jobs are plentiful, no one asks or cares about how they got spending money during the school term and their internship experiences were not discounted. In every case it was considered real life experience and much more valuable than unrelated workstudy jobs. In fact, many of those students were hired where they interned--which is another benefit of interning.

However, I'll leave you to your hiring practices and prejudices. After all, they have no impact on me or any impressive new college graduate.

Ha ha. OK, I readily admit that when I hire people out of college I have a prejudice for people who have had real paid jobs over those who have not. Do you get what employers are looking for? Hint: not "content" expertise, because no kid walks in the door with the knowledge and skills you need anyhow--they always have to learn on the job. What employers are looking for is someone who is hardworking and wants to learn. I really like to hire people who were promoted in their work study or summer jobs to have some supervisory responsibility. I don't care if you worked in food service, retail, or if you shelved books in the library--if your manager identified you as a successful, responsible person who can be trusted to get the job done, to maintain standards, and to deal with other people, I am going to trust that you will do the same for me. Most unpaid internships are not equivalent to real jobs--sure, you may get exposed to some things, but you don't usually get real responsibility. (Those internships are paid.) I am baffled as to what a study abroad experience would bring to the table.

And you're right, I wouldn't ask where people got their spending money in college, but you'd be surprised at what a 22-year-old will reveal in an interview when you ask how they ended up with that summer job.

Thanks for clarifying, but I really don't understand your response. I nor anyone else argued with your rationale. As a hiring manager, you can have whatever prejudices you want/look for whatever you want. It's none of my business. I really don't care. I don't think that any parent who provides their college student with an allowance really cares about who YOU hire. College students with allowances get jobs every single day of the week. You're not the only game in town.

And you sound so unintelligent I'm not surprised you don't understand the value of study abroad. It's a good thing that most employers do. Nearly every day I read an article about the benefits of study abroad and how many employers value the experience. Perhaps you should look at a few articles on CNN, NY Times, or heck--any news outlet that has articles on employment.

I'm sure kids with allowances, internships and/or study abroad opportunities will not be missing out on anything by not being hired by you.

[Anonymous]

Anonymous wrote:wow, this really goes on??? i am completely and utterly shocked! i went to college in the 80s and my parents paid my tuition and room and board but all my spending money came from my work/study job. i can't imagine having my parents pay for my alcohol, pizza and hair appointments! i am seriously shocked that people do this!

Yes, it happens. And it's always happened. Even before you went to school in the 80s.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You all need some perspective. When I started college in the late 1990s, my parents didn't pay for any of it. I had a scholarship and some small loans to pay for housing. My mother scraped together $100 to give me as start up cash, dropped me off, and that was it.

I know, I know...the horror. But I live to tell.

So what? When I started college in 1995 my parents paid for everything that financial aid didn't cover AND sent me money once a month. I'm sorry you had to take out loans, I'm sorry your mom couldn't give you more than $100, I'm sorry you didn't get more financial support. But you probably didn't get it because your mom didn't have it to give. My parents had more to give, so they gave it. I have a very strong work ethic despite that, and despite moving home after college for a couple of years. Don't we want better for our children? I want mine to struggle even less than I did. I really believe that can be balanced with teaching them the strong work ethic my brother and I have.

PP you quoted here. Based on your post you sound intelligent and very reasonable about teaching your kids the value of a strong work ethic. I agree with everything you said. I most definitely want my DD to suffer less than I did. I still would maintain that some of the "budgets" being discussed here are ridiculous. As someone who manages young employees in the workplace, I have dealt with more than a few new graduates who were horribly entitled. Reading this thread has given me a glimpse of the kind of parenting decisions that *might* contribute to that kind of attitude.

Oh good gracious! Now allowances lead to feelings of entitlement. HILARIOUS! Of course, 'entitled' is subjective. To someone else, it may be an employee who wants fairness.

But I guess you weaken the case of the posters who claim those with allowances won't be able to get jobs...all because somehow the interviewer will know their parent gave them allowances while they were in college.

You guys really need to get the chip off your shoulders just because you had to struggle through undergrad. Chips on shoulders simply weigh you down in life.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You all need some perspective. When I started college in the late 1990s, my parents didn't pay for any of it. I had a scholarship and some small loans to pay for housing. My mother scraped together $100 to give me as start up cash, dropped me off, and that was it.

I know, I know...the horror. But I live to tell.

So what? When I started college in 1995 my parents paid for everything that financial aid didn't cover AND sent me money once a month. I'm sorry you had to take out loans, I'm sorry your mom couldn't give you more than $100, I'm sorry you didn't get more financial support. But you probably didn't get it because your mom didn't have it to give. My parents had more to give, so they gave it. I have a very strong work ethic despite that, and despite moving home after college for a couple of years. Don't we want better for our children? I want mine to struggle even less than I did. I really believe that can be balanced with teaching them the strong work ethic my brother and I have.

PP you quoted here. Based on your post you sound intelligent and very reasonable about teaching your kids the value of a strong work ethic. I agree with everything you said. I most definitely want my DD to suffer less than I did. I still would maintain that some of the "budgets" being discussed here are ridiculous. As someone who manages young employees in the workplace, I have dealt with more than a few new graduates who were horribly entitled. Reading this thread has given me a glimpse of the kind of parenting decisions that *might* contribute to that kind of attitude.

Oh good gracious! Now allowances lead to feelings of entitlement. HILARIOUS! Of course, 'entitled' is subjective. To someone else, it may be an employee who wants fairness.

But I guess you weaken the case of the posters who claim those with allowances won't be able to get jobs...all because somehow the interviewer will know their parent gave them allowances while they were in college.

You guys really need to get the chip off your shoulders just because you had to struggle through undergrad. Chips on shoulders simply weigh you down in life.

You're getting really unhinged over this. Go ahead and give your kid whatever allowance you want! And by the way, I even went so far as to put little asterisks (*) around the word "might" in my post. For those kids who grow up thinking everything should be served to them on a platter, yes, they may get through the recruiter and into the job, but I can tell you the transition once they get into a real workplace can be a little rockier than it will be for someone who went through the growing up process years earlier.

[Anonymous]

No allowance makes you grow up? If only it was that simple. What a bunch of self serving BS. There are rich assholes and poor assholes. There are hard working wealthy people and slackers who are wealthy too. Yes giving your kid a Ferrari and unlimited spending money is probably not a good idea but either is "figure it out on your own" and see you at Christmas. A reasonable allowance that let's you focus on good grades will not sap all of your will to succeed any more than having no money will give you the drive to become a millionaire. If it worked that way there would be no poverty as every poor college kid would turn out to be a millionaire.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You all need some perspective. When I started college in the late 1990s, my parents didn't pay for any of it. I had a scholarship and some small loans to pay for housing. My mother scraped together $100 to give me as start up cash, dropped me off, and that was it.

I know, I know...the horror. But I live to tell.

So what? When I started college in 1995 my parents paid for everything that financial aid didn't cover AND sent me money once a month. I'm sorry you had to take out loans, I'm sorry your mom couldn't give you more than $100, I'm sorry you didn't get more financial support. But you probably didn't get it because your mom didn't have it to give. My parents had more to give, so they gave it. I have a very strong work ethic despite that, and despite moving home after college for a couple of years. Don't we want better for our children? I want mine to struggle even less than I did. I really believe that can be balanced with teaching them the strong work ethic my brother and I have.

PP you quoted here. Based on your post you sound intelligent and very reasonable about teaching your kids the value of a strong work ethic. I agree with everything you said. I most definitely want my DD to suffer less than I did. I still would maintain that some of the "budgets" being discussed here are ridiculous. As someone who manages young employees in the workplace, I have dealt with more than a few new graduates who were horribly entitled. Reading this thread has given me a glimpse of the kind of parenting decisions that *might* contribute to that kind of attitude.

Oh good gracious! Now allowances lead to feelings of entitlement. HILARIOUS! Of course, 'entitled' is subjective. To someone else, it may be an employee who wants fairness.

But I guess you weaken the case of the posters who claim those with allowances won't be able to get jobs...all because somehow the interviewer will know their parent gave them allowances while they were in college.

You guys really need to get the chip off your shoulders just because you had to struggle through undergrad. Chips on shoulders simply weigh you down in life.

You're getting really unhinged over this. Go ahead and give your kid whatever allowance you want! And by the way, I even went so far as to put little asterisks (*) around the word "might" in my post. For those kids who grow up thinking everything should be served to them on a platter, yes, they may get through the recruiter and into the job, but I can tell you the transition once they get into a real workplace can be a little rockier than it will be for someone who went through the growing up process years earlier.

No kidding. I understand that having good internships and experiences can be helpful when you're looking for a job out of college, but some people are asserting that having kids work in college may make them worse off ("looking burned out," "having a chip on their shoulder"), which is just nuts. I went to one of the top colleges in the country, with a lot of very wealthy students, and most of my friends still worked--their parents all knew that having a real job as a teen/young adult is important. My boyfriend's father was a partner at Goldman Sachs--they had more money than God--but he still worked in the cafeteria two days a week, and at K-Mart in the summer. My best friend's dad was one of the most successful product liability lawyers in the country but she worked at the front desk at the gym in college and worked two night/weekend jobs in the summer to earn money while interning for Senator Kennedy during the week. Kind of horrifying that people's values have changed so much. Maybe there really is something more entitled about the millennial generation, and maybe it comes from the parents!

[Anonymous]

Anonymous wrote:No allowance makes you grow up? If only it was that simple. What a bunch of self serving BS. There are rich assholes and poor assholes. There are hard working wealthy people and slackers who are wealthy too. Yes giving your kid a Ferrari and unlimited spending money is probably not a good idea but either is "figure it out on your own" and see you at Christmas. A reasonable allowance that let's you focus on good grades will not sap all of your will to succeed any more than having no money will give you the drive to become a millionaire. If it worked that way there would be no poverty as every poor college kid would turn out to be a millionaire.

Of course you're right. This thread clearly got away from the typical (and useful) "College Discussion" people. Once this happens, it's fairly useless for people looking for information and becomes "This is how it happened to me so it's the best way for everyone regardless of any facts. What? No, I don't have a kid in college. But I know a college kid/I hire college kids/I went to college/I'll have a college kid/I live near a college."

[Anonymous]

Anonymous wrote:

Anonymous wrote:No allowance makes you grow up? If only it was that simple. What a bunch of self serving BS. There are rich assholes and poor assholes. There are hard working wealthy people and slackers who are wealthy too. Yes giving your kid a Ferrari and unlimited spending money is probably not a good idea but either is "figure it out on your own" and see you at Christmas. A reasonable allowance that let's you focus on good grades will not sap all of your will to succeed any more than having no money will give you the drive to become a millionaire. If it worked that way there would be no poverty as every poor college kid would turn out to be a millionaire.

Of course you're right. This thread clearly got away from the typical (and useful) "College Discussion" people. Once this happens, it's fairly useless for people looking for information and becomes "This is how it happened to me so it's the best way for everyone regardless of any facts. What? No, I don't have a kid in college. But I know a college kid/I hire college kids/I went to college/I'll have a college kid/I live near a college."

LOL! Exactly! A post seeking practical advice turns into the usual pissing match. No one cares about your experiences or those of who you know. I asked what's a reasonable allowance because clearly I plan to give DC one. So amounts would've been useful. The debate about to give or not to give is MOOT.

[Anonymous]

Anonymous wrote:No allowance makes you grow up? If only it was that simple. What a bunch of self serving BS. There are rich assholes and poor assholes. There are hard working wealthy people and slackers who are wealthy too. Yes giving your kid a Ferrari and unlimited spending money is probably not a good idea but either is "figure it out on your own" and see you at Christmas. A reasonable allowance that let's you focus on good grades will not sap all of your will to succeed any more than having no money will give you the drive to become a millionaire. If it worked that way there would be no poverty as every poor college kid would turn out to be a millionaire.

Exactly! It is a self-serving argument indeed.

Not giving may work for the one kid who's super organized, independent and/or needs a lesson in responsibility. Another kid may not need that lesson and a job may cause him to falter academically. Let's trust that the individual parents know their children and what they need.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You all need some perspective. When I started college in the late 1990s, my parents didn't pay for any of it. I had a scholarship and some small loans to pay for housing. My mother scraped together $100 to give me as start up cash, dropped me off, and that was it.

I know, I know...the horror. But I live to tell.

So what? When I started college in 1995 my parents paid for everything that financial aid didn't cover AND sent me money once a month. I'm sorry you had to take out loans, I'm sorry your mom couldn't give you more than $100, I'm sorry you didn't get more financial support. But you probably didn't get it because your mom didn't have it to give. My parents had more to give, so they gave it. I have a very strong work ethic despite that, and despite moving home after college for a couple of years. Don't we want better for our children? I want mine to struggle even less than I did. I really believe that can be balanced with teaching them the strong work ethic my brother and I have.

PP you quoted here. Based on your post you sound intelligent and very reasonable about teaching your kids the value of a strong work ethic. I agree with everything you said. I most definitely want my DD to suffer less than I did. I still would maintain that some of the "budgets" being discussed here are ridiculous. As someone who manages young employees in the workplace, I have dealt with more than a few new graduates who were horribly entitled. Reading this thread has given me a glimpse of the kind of parenting decisions that *might* contribute to that kind of attitude.

Oh good gracious! Now allowances lead to feelings of entitlement. HILARIOUS! Of course, 'entitled' is subjective. To someone else, it may be an employee who wants fairness.

But I guess you weaken the case of the posters who claim those with allowances won't be able to get jobs...all because somehow the interviewer will know their parent gave them allowances while they were in college.

You guys really need to get the chip off your shoulders just because you had to struggle through undergrad. Chips on shoulders simply weigh you down in life.

You're getting really unhinged over this. Go ahead and give your kid whatever allowance you want! And by the way, I even went so far as to put little asterisks (*) around the word "might" in my post. For those kids who grow up thinking everything should be served to them on a platter, yes, they may get through the recruiter and into the job, but I can tell you the transition once they get into a real workplace can be a little rockier than it will be for someone who went through the growing up process years earlier.

No kidding. I understand that having good internships and experiences can be helpful when you're looking for a job out of college, but some people are asserting that having kids work in college may make them worse off ("looking burned out," "having a chip on their shoulder"), which is just nuts. I went to one of the top colleges in the country, with a lot of very wealthy students, and most of my friends still worked--their parents all knew that having a real job as a teen/young adult is important. My boyfriend's father was a partner at Goldman Sachs--they had more money than God--but he still worked in the cafeteria two days a week, and at K-Mart in the summer. My best friend's dad was one of the most successful product liability lawyers in the country but she worked at the front desk at the gym in college and worked two night/weekend jobs in the summer to earn money while interning for Senator Kennedy during the week. Kind of horrifying that people's values have changed so much. Maybe there really is something more entitled about the millennial generation, and maybe it comes from the parents!

Working in the cafeteria 2 day per week to throw in a bit of responsibility and/or head off arrogance/entitlement is not the same as working for your near survival. Two days per week in a cafeteria is also not likely to throw a person off their game academically either. He was not juggling a full or even part-time job in addition for a full load of studies. He was not working to meet needs. His parents knew exactly what experiences he needed. As stated in a previous post, PARENTS KNOW WHAT IS BEST FOR THEIR INDIVIDUAL CHILDREN! Even within one household, parents may be okay with DC1 having a job but know that DC2 will need an allowance because she won't be able to juggle it.

Again, thanks for your personal anecdotes that really add zero weight to the conversation. I attended 2 ivies and I can provide anecdotes for more than 2 people with very wealthy, famous parents who didn't work one day while in college. Oh yeah, and they're doing just fine.