Daily Archives: May 21, 2013

You Might Be Bankrupt If: You Take Your Kids’ Savings!

piggyONE

I suppose nothing should surprise us anymore.   Nearly half of American parents:

have admitted that they have taken money from their children’s savings accounts, and 51 per cent said they did not even feel guilty about it.

Read more: http://www.dailymail.co.uk/femail/article-2320857/Almost-HALF-parents-admit-taking-money-childrens-savings–51per-cent-feel-guilty-it.html#ixzz2TmCkLgb1
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This is not a poll, but a study, whatever that means.

Only 36% used the money to pay bills, although another 29% claimed the stolen pennies were used to “clear debt.”  In my business, we call that a distinction without a difference.

This is not even taking money from the piggy bank in junior’s room while he is sleeping.  That you could lie about later, relying on junior not keeping a running tab.  Though, in these days of computers everywhere, that may be just old fashioned.

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