-Caveat Lector- <A HREF="http://www.ctrl.org/">
</A> -Cui Bono?-
London Telegraph 3/10/00
FAMILIES in California's impossibly-prosperous Silicon Valley
are struggling with a new trauma - "sudden wealth syndrome" or
"affluenza".
The wealth generated by the internet and computer boom is
inducing feelings of inadequacy among children whose families
are not involved in the industry. For the super-rich, the problem
lies in convincing their children that money is not the most
important thing in life.
Courses are now held at the Money, Meaning and Choices
Institute in San Francisco, to "explore the psychological
opportunities and emotional challenges of having and inheriting
money". Merrill Lynch, the financial services company, offers a
"financial parenting" course to "heighten awareness of wealth's
responsibilities".
In Palo Alto, the heart of Silicon Valley, a newsletter is
published on the issue with the editor, Judy Barber, offering
sessions for families to deal with "the unique issues that children
of affluence face". Fathers are being advised not to brag about
buying yachts and private planes but to emphasise to children the
importance of luck and hard work in achieving success.
The children of non-computer industry professionals, such as
doctors and teachers, however, are said to be suffering. The
Child and Family Institute in Menlo Park offers stress classes for
pre-teen children and family discussions about values. Kris
Goodrich, a co-founder, said the fear of failure has become
pervasive. "Children look at the middle class as poverty and
going to Hawaii only once a year is considered the bottom rung."
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