Hong Kong is an affluent society. You can enjoy Chinese, Japanese, Italian . . . cuisine and buy brand name products as long as you have the cash. In some youngsters' view, money can even buy happiness. But are they really satisfied? The happiness is only temporary.
Rich parents have brought up a generation of materialistic youth. Many families hire domestic helpers because the busy parents cannot afford any time to take care of their children.
Lacking parental love and attention, young people begin to indulge in materialistic pleasure. They do not have any ambitions or ideals.
Parents should help youngsters develop the proper attitude towards money. They should also encourage their children to strive for what they want.
Psychologists say spending money is a way to compensate for psychological deprivation.
Parents should not give their children too much pocket money. It only encourages them to spend more.
