“Making Money from Parentsâ€
The following letter was sent to the “Dear Economist†column at the Financial Times.
Dear Economist,
Parents often find that some of their children turn out wealthier than others. Doting but logical parents have been seen to apportion financial help unequally in order to help the least successful of their children at the expense of the wealthier ones.
So is one is better off being lazy and a failure in life in order to maximize the potential help from one’s parents?
Yours truly,
Alexander Ross, London
Click here to view the response from the “Dear Economistâ€; Tim Hartford. Mr. Harford works for the IFC of the World Bank Group. His forthcoming book is titled: “The Undercover Economistâ€.