I was just reading this interesting article that talked about Chinaâ€™s implementation of a one child policy at around the early 80â€™s in order to control the growth of its population. The main topic was how being an only child in a family increases the likelihood of the child being spoiled and growing up with a mentality that things should be handed to them.
It went on to talk about how this has created a new generation of thinkers where things like a marriage is viewed more like a tool where one finds the right mate to achieve wealth and power as oppose to focusing in developing a nurturing relationship. Of course, it then dived into how so many people now see a divorce as simply a process to go through if one finds a more lucrative scenario to be in whereas before it was viewed as a disgraceful act.
Some of the comments I read were kind of amazing such as a person saying how it makes no sense to do so much work and planning in life financially when she could simply marry the right person and be worry free. I see this with people even if they are not the only child though. For example, it could even be a family having a lot of girls and so they tend to spoil the only boy in the family who then turns out to be the one who is always financially dependent on others.
Sometimes I would say the most important point to learning good financial management skills is to start from square one and to learn to appreciate the things that you already have while learning to genuinely respect others. That might sound cornball for a lot of people, but that attitude goes such a long way when it comes to money.