Finance and Family Values, or How I Stop Worrying And Love My Kid – Jonathan Rechtman

From The Art of Live via

Dr. Phil, you’re fired….we’re calling an accountant. According to a recent in Southern Weekly, newly available financial planning tools are changing the way Chinese love their children.

Chen Zhiwu”a finance professor at ”says the availability of plans means parents no longer depend on their children to provide for them in old age, and are becoming more sentimental as a result. When parents stop viewing their children as social , as a form of investment, they don’t have to worry so much….After these parents buy insurance, retirement plans, etc, they don’t need to rely on their children economically, and can focus their relationship on emotional communication. [Full Text]

See also: The interview with Pro. Chenzhiwu via Southern Weekend. (In Chinese)

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