The New Yorker has a story -- Why Are American Kids So Spoiled? -- with a great take on American kids... not all of them, I know.
The exception are the kids who have nothing. But for a vast majority of Americans who have some disposable income, the "stuff" our kids have rivals the aisles of major toy retailers.
With the exception of the imperial offspring of the Ming dynasty and the dauphins of pre-Revolutionary France, contemporary American kids may represent the most indulged young people in the history of the world. It's not just that they've been given unprecedented amounts of stuff—clothes, toys, cameras, skis, computers, televisions, cell phones, PlayStations, iPods. (The market for Burberry Baby and other forms of kiddie "couture" has reportedly been growing by ten per cent a year.) They've also been granted unprecedented authority."
Sally Koslow, former editor in chief of McCalls wrote "our offspring have simply leveraged our braggadocio, good intentions, and overinvestment."
There's a new term. Overinvestment.
Something to think about.