The price of growing up privileged — how material advantage is creating a generation of unhappy & disconnected children.

Lisa Cao
2 min readAug 23, 2023

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Kids who regularly ride luxury cars to school, have their own classrooms and join the best sports teams, we often assume they will become the happiest and most successful young people. But in reality, it’s those same advantages — the wealth, power and privilege of the family — that are creating a younger generation that is vulnerable, isolated and one-sided in a way that seems inevitable…

𝘛𝘩𝘦 𝘗𝘳𝘪𝘤𝘦 𝘰𝘧 Privilege explores the alarming consequences of children growing up in wealth and privilege. Key points include:
• Abundant material and income does not guarantee long-term happiness or success. In fact, they can prevent the necessary development of personality and social skills in children.
• Performance pressure and unrealistic expectations from parents can lead to depression, anxiety and failure in children.
• Over-provisioning can prevent children from learning responsibility, perseverance, and how to overcome failure.
• The lack of limits and discipline makes it difficult for children to develop self-control and the ability to postpone gratification.
• Social disconnection and isolation are significant consequences of growing up in privilege.
• Parents need to let go of unrealistic expectations, introduce boundaries and discipline, and encourage equal and positive relationships to help their children realize how lucky they are.

This book is a timely wake-up call for wealthy parents, providing an insight into the potential consequences of giving too much to their children. It also offers helpful advice on how to raise children to be happier, more independent and responsible young adults.

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