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Reply to "Gift giving at Bat Mitzvah?"
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[quote=Anonymous][quote=Anonymous]My HS the bar/batcash gifts were placed in well Managed stock funds. Two people my HS bought condos in Manhattan post graduation for cash with money. Their parents paid for college. And they had money left over. A gift card or physical gift is just wasted. A bar mitz in 1988 the DJIA was only 2,000. Today it is 32,000. That kid would now be 47. It was common in my town to get $10k to 20k. But mind you big fancy large parties did cost a lot even back then. If kid got 20k in 1988 today would be $320,000. Beats an Amazon gift card. Some kids my HS got 40k to 50k back in late 1970s. I think DJIA was around 1,000 or less. That is like 1.6 million today. [/quote] I can not think of the right words to respond. .... It is like you are thinking the goal of the ceremony is the make the kid rich by soliciting contributions from their soccer team! How about sharing the lovely passing of tradition between generations? A Bar/Bat Mitzah is not a Go Fund Me page.[/quote]
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