How can America's rich teach their children the value of a dollar?

January 24, 2008

American blue bloods, perhaps, have a strategy for coping with their inherited wealth—wearing the ratty sweaters, pursuing the eccentric hobbies—namely, pretending it doesn’t exist. But this strategy is hardly applicable to any generation that makes its fortune. Members of that generation almost always believe it’s their right to flaunt it, to savor it—they’ve earned it, haven’t they, through ingenuity and hard labor? Yet the newly rich inevitably discover that it’s very hard to have your cake and eat it while raising healthy, hardworking children.

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To most conscientious rich people, all you have to say are two words to put the fear of God in them: Paris Hilton.

A very interesting article from New York Magazine.

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