Once again, I am looking in vain for something I read a mere two days ago in the Wall Street Journal. ****UPDATE: Here it is, thanks to Lillian. It was about kids and money, that perennial topic, with the usual range of opinion. I liked the article because it began with a little story about a fashionista teen or preteen, who craved new clothes for school. Not having money from Mom and Dad, the fashionista sold her clothes at a consignment store and used the cash to buy new. I LOVE the story.
I would appreciate it if someone could find the link. This is not the first time that the SEARCH in WSJ hasn't come through for me. It's not like I'm looking for some obscure piece from days of yore.
That's the NOW of my title. Here's the THEN, from Sir Francis Bacon's essay Of Parents and Children.
The illiberality of parents in allowance towards their children is an harmful error; makes them base; acquaints them with shifts; makes them sort with mean company; and makes them surfeit more when they come to plenty. And therefore the proof is best, when men keep their authority towards their children, but not their purse.
Francis Bacon (the 17th century writer, not the modern painter) argues that children with the meager funding will "surfeit more when they come to plenty."
So the WSJ story suggests that small help from parents will make the child more resourceful; Bacon argues that the child will over-indulge in times of plenty.
Are you on Team WSJ or Team Bacon?
For me, I don't know. My children are still in process.