Teaching children: budgeting

[shootingstar]

True, cost of education is high.

"as if we did not build enough wealth to secure the future for them, to allow them to begin their adult lives and careers without debt. In a way, when I observe our generation compared to the one before us - sometimes I wonder if some of us have failed to meet a standard as productive citizens.
Our parents provided for the community and also provided for us, and among other things they allowed us to study and graduate and train completely debt free. Conversely, us - or at least some of us - we are failing to provide the same 'protected environment' for the younger generations."

My parents made enormous self-sacrifices which I'm not sure alot of parents would make these days. For instance: my parents only went on day vacation trips with family...less than 2-3 times annually. My mother spent very little money on premade clothing for herself. She must sewn 90% of her own wardrobe.

And so on.

Neither hardly ever used a credit card. So hardly any debt from there.

There are some children who are expecting big inheritances from their parent(s) and some are just cruising along. It is of course a big huge mistake to think one's parents will give you the windfall. I think the reason why myself and all siblings have saved money without going to huge debt is because we already know there's gonna to be very little money left for us after nursing home /hospice care bills are paid..when my parents will need that type of care down the road.