Parents Can Be Generous Without Turning Children Into Entitled Little Terrors

You want to give your children everything. But sometimes you can go too far and create a spoiled, entitled brat.

The consequences can be severe: In addition to acting like whiny complainers now, spoiled children are more likely to grow into financially dependent, irresponsible adults plagued by overspending and debt.

“Some parents want their children to have everything for free,” says Katherine Dean, managing director of wealth planning at Wells Fargo Private Bank in San Francisco. “But the real world doesn’t work that way.”

Financial advisers and therapists suggest various ways to avoid spoiling your children. Read more →