this post was submitted on 26 Jan 2025
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good post.
unrelated, but my older sibling dismisses personal financial literacy--they make good money (better than me) don't know how to budget, open a checking account, and have never done their taxes... they make my elderly parents do theirs--as "capitalism". I make less than them and live over a thousand miles away and run a tight ship so I can be independent. we are both in our 40s.
their kid is becoming a teenager and my sibling laments that their kid has no idea how anything works... what is expensive/unreasonable pricing, wants restaurant food all the time and treats and games. when I mentioned the idea they could have an allowance like we had growing up for doing household chores. my sibling dismisses that as "capitalism" and that they want them to contribute to the household spontaneously for the common good.
I pointed out that they live in a mansion in a gated community with our elderly, loaded parents and benefit from twice weekly maid service. "your 'household' already has servants getting paid. you can't build Camelot on top of that." they scowled at me.