The perils of parental privilege

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Parental privilege has its benefits and pitfalls. We have seen that parental privilege does have its merits.

Writing from the perspective of both the adult-age kid and the parents, here are the potential perils of parental privilege.

A lack of incentive for kids to want to be responsible for their own sh#t

Adults kids don’t become adults by themselves. They become responsible adults through a series of life curveballs that incentivize them to simply grow up. If you don’t pay rent, you become homeless; if you don’t pay your utility bills, you eat and sleep in the dark, etc. These curveballs or the possibility thereof, give kids the incentive to just get a JOB or at the very least, a source of income!

If parental privilege is excessive to the point that you remove even the possibility of these life curveballs, what’s pushing the kid to grow up?

Kids’ complacency

And this is why some kids grow up complacent. I’m being diplomatic, I mean, LAZY AF. Why get a job when daddy pays the lease on my car and gasses it weekly? Why finish college when I could always just get a job at daddy’s?

Adult-age kids who don’t have assets of their own

Products borne of excessive parental privilege are more often than not “self-employed,” “freelancer,” or are “entrepreneurs.”  These are mostly code for unemployed. As such, these kids don’t have any assets of their own, having been used to living off a monthly allowance or some form of parental subsidy, from the bank of mom and dad.

Drain on the parents’ retirement funds

The cost of supporting a second household of lazy kids (plus minus lazy kids’ wife and kids) is a drain on the aging parents’ retirement funds. Parents will have to delay retirement and work harder, often at the risk of their health.

Resentment from both the kids and parents

The strain of supporting the lazy kids and the drain on finances may then take their toll and parents feel resentment. They will expect for the lazy kids to support the parents all through retirement.

The lazy kids, in turn, will resent the responsibility and shun it and the parents.

These are worst-case scenarios of the perils of parental privilege. A little help is fine but adult kids don’t need to be coddled. They should be taught. Don’t you agree?

Just my two cents,
George

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