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How Money Affects Your Childhood and Perception of Money

There is no secret that if you are born into wealth that you have a much different perspective on life and how you perceive money. Growing up with wealth would bring the benefits such as accessories and possibly private education compared to the normal state child and a child who has grown up with poverty. Along with this there would be different perspectives of how much is a lot of money what is regarded as the norm and what you are able to have access to if you are fortunate enough to grow up wealthy. With this all said there are negatives with growing up with money which brings on the conversation of does money buy happiness which in short is no right answer however, it can contribute to the happiness that you will receive but will not make you mentally happy as that’s within yourself to achieve this. Along with this there are unheard of pressures growing up wealthy with studies showing that wealthier children will grow up more unhappy and distressed than children who are in poverty.


What is Money?


Money is the most influential and important things within the world for everyone no matter where you are in the world. With money keeping society as we know it along with money comes power and symbolises wealth and power in the eye of most in the world with the freedom which comes along with it if you have money. With it created for trading and now viewed as a symbol of power in the world it would be widely regarded that money is power.


Childhood perception


Questions would have to be asked why growing up with money could cause higher anxiety, depression and distressed. The economist and psychologist Daniel Kahneman who found that there are a huge majority of wealthy people who are not happy with him finding that happiness would be the result of fulfilment of emotional wellbeing and life evaluation. Showing a number of reasons such as the environment they are in which relates back to growing up with wealth. Examples such as not having the feeling of achieving what they earned with them getting given what they want compared to other children who have to earn what they would like to buy. Second reason would be the false sense of security with having money does not mean that they are more entitled to others along with having the right to more of the money with the choice up to the parents. This would show a change in perspective with no value for how much worth money is only how much they will be given not worked for. With this considered the norm for the wealthy children.


For the majority of children, they would have to wait for a special occasion or save up for what they want which shows different perspectives of how children grow up and how that would affect each child growing up. With the majority working and having the sense of achievement this could be where some of the problems for the wealthier children appear and grow throughout their childhood. It also goes without saying that they would still be tackling the same problems than everyone and possibly having it even harder with such a privileged position they find it hard to relate to other people along with this they would have the issue of who is with them for the right intentions which everyone has at some point in their life under different circumstances. Example would be that they would not need to worry about the cost-of-living crisis in the UK however, from the limited experience I have seen the murky side of the top 10% such as core values and how to spend your time. This to the working class maybe a simple answer however for the children who have grown up with wealth they would have a much harder time answering the simple questions with them not experiencing the reality of life with them in their own bubble of wealth an example who their parents are friends with, private school friends and how they are set up they are detached from the reality of the working world.


One of the most influential causes for the world to work is money, it would mean that growing up in money would mean experience what others don’t which could be positives and negatives. With Children suffering the most from broken families this would be an example where no matter what financial position you would have the same feeling however, the aftermath of how it is dealt can be very different depending on wealth.


Conclusion


With two completely different mindsets from two completely different childhoods it would now make sense why money would change perspectives and change mind sets within childhoods. This will continue along with money bring power and wealth along with multiple disadvantages which most of us will not experience. Childhoods will be determined by how children are disciplined epically for the parents who have access to wealth and make sure that their children are facing issues which are normal and not using money to hide from these issues such as mentally unhappy and physically unhappy which once again links to the question can money buy you happiness where there is no definite answer its once again on your perspective. Childhoods will determine the perspective of how you perceive money throughout your life.







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