Reply to Anything wrong with buying your teen an nice car? ($40,000 and up)

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[quote=Anonymous][quote=Anonymous]My only gripe is that you are basically setting them up for some kind of let down in their 20s. If you are a teen or college aged person and you have $500 handbags, $400 boots, $40K car etc, at some point you are going to have an entry level job, and unless you are in certain fields, rent and expenses and savings won;t allow for this lifestyle of "stuff", so your kid is going to react to that- some might be  of the mind "oh well, I'll get a $80 bag at marshall's so I can go out with friends this month on the weekends" and some might feel overly sensitive and entitled.

I guess I think nothing bad comes from increasing nice stuff as you go. Presumably, your kids already have a lifestyle that will take a hit when you aren't paying the bills (vacations. flights, etc)[/quote]

This is EXACTLY why credit debt and student loans are at an all-time high.  Entitled kids who have zero work ethic or even understand that you need to provide for yourself.   My daughter works part time as a Junior (she also plays sports and takes hard classes) and her friends feel bad for her. Moms look down on me like it is child abuse to now have a teen work some hours a week.   Why work or earn money when Mommy shells out money for all my clothes, activities, and now a brand new car.  Even if they pay for college, she will start getting a few credit cards and run them up.  Ask Mommy to pay the bill and so forth. When will Mom finally see this child can not even behave or work like an adult?  Look at Tori Spelling.  Poster child for rich entitled disaster.

vhttp://www.etonline.com/news/202040_tori_spelling_sued_by_american_express_again_for_87000_credit_card_debt/[/quote]

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