Parents, no matter their net worth, readily take risks, if they believe their children will benefit. And, the risks parents will take know no bounds—as seen in those facing federal prison trying to guarantee a college admissions to those who go into debt to pay for extra-curricular activities. However, why are parents so willing to take such risks for their children? As we’ve previously posted, without more reflection on why a kid seeks to participate in a particular activity or why the activities are meaningful for college admissions, then the value of such a sacrifice and risk can be lessened.
Graphic courtesy of MarketWatch