April 25, 2024

Bucks Blog: Rethinking Your Approach to the Tooth Fairy

Heide Benser/Corbis

In the Styles section of The New York Times this weekend, Bruce Feiler goes after the tooth fairy. What could be wrong with the tooth fairy? Plenty, he argues.

Why should we give rewards for routine biological events? Plus, the transactions with said fairy tend to revolve mostly around money. Children want to know what other children got and feel slighted or superior when they hear the response. Parents frantically try to establish the benchmark when their night sneaking into the bedroom suddenly arrives, and they inevitably feel as if their peers are stingy (or spoiling their children, or setting the wrong sorts of benchmarks for other parents).

Mr. Feiler and his wife have come up with a solution that works for them and their twins: a note from the fairy plus a book about tooth-losing traditions from around the world for the first tooth and a handful of foreign currency (from different countries each time, perhaps) for subsequent tooth shedding.

I like this approach, but I bet there is an even better one out there somewhere. Do you find Mr. Feiler’s logic compelling, and if so, have you come up with a better way to mark the tooth loss events in your house?

Article source: http://feeds.nytimes.com/click.phdo?i=815b30ae36ed92282c8a4804087fd0f8

Bucks Blog: About That Inheritance

Jean Dorrell, a financial planner who works with a large retirement community, said she often recommended simple annuities for clients who had life savings in the hundreds of thousands, not millions, to restrict how the money was passed to heirs.Gregg Matthews for The New York TimesJean Dorrell, a financial planner who works with a large retirement community, said she often recommended simple annuities for clients who had life savings in the hundreds of thousands, not millions, to restrict how the money was passed to heirs.

Paul Sullivan, in his Wealth Matters column this week, writes about an issue many parents — no matter their wealth — deal with: how to encourage their children to grow into independent adults. The issue gets more complicated when money is involved.

Even if their children have turned out well, parents may still feel that leaving a large inheritance will discourage them from working hard.

But a more difficult decision, he writes, is what to do about an inheritance when a child is troubled or marries someone the parents don’t trust. Those parents, he says, will have to confront the issue at some point. And if they don’t come up with a plan, their money could make a bad situation worse.

How did you work out the issue? Do you have advice to offer others in this position? Please tell us in the comment section below.

Article source: http://feeds.nytimes.com/click.phdo?i=98cf3da455720a5af153413f3b47a262

Economix Blog: Do Parents Put Too Much Pressure on Students?

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Even Tiger Moms seem to think they’re pressuring their kids too much.

That is one possible reading of a new Pew Research Center global survey of parents’ attitudes to the pressured placed on students.

The survey, conducted March 18 to May 15 by the Pew Research Center’s Global Attitudes Project, found that China was the only one of 21 countries or territories where a majority believes parents put too much pressure on students to do well in school. In China, 68 percent of adults think parents pressure students too much, and just 11 percent think they don’t push them hard enough.

On the other side of the spectrum is the United States, where more than 6 in 10 Americans say parents do not put enough pressure on their children.

It’s hard to know what to make of these attitudes. The countries where people are most likely to say students are pressured too much do have reputations for being pressure-cookers for students (China, Pakistan, India). And the United States has repeatedly disappointed on international testing.

Does that mean surveyed attitudes are correct? If they are, why aren’t they affecting behavior?

Article source: http://feeds.nytimes.com/click.phdo?i=b804f1348c58f5dda97a5348cdc0acde

Bucks: Thursday Reading: The Mixed Results of Designing Clothes Online

May 12

Thursday Reading: The Mixed Results of Designing Clothes Online

Web sites let you design your own clothes, a proposal to tax parents of obese children, Google’s Chrome laptops and other consumer-focused news from The New York Times.

Article source: http://feeds.nytimes.com/click.phdo?i=4ec21e9690598af2a59a72d3652ef52c