Today I Learn… I make a point of learning something new everyday. This is what I learn each day

1, May 6, 2010

A Notorious Rich Second Generation

Filed under: China — admin @ 12:50 am

Last week my sister asked me if I have heard of fu er dai in China, the rich second generation. She further described how these children from newly rich families live a spectacularly useless and wasteful life; drinking and drugs, vices of all forms — contrary in every aspect to their parents’ lives.

This rich second generation children are so good at squandering wealth that they practically leave nothing for the generation following them. That’s why there is a saying that the wealth of one generation won’t go as far as the third generation.

This reveals nothing but an utter failure of the first generation parents in raising up decent children. No matter how much wealth they have amassed in their life time, they have failed as parents.

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