9 months ago
Indian Parents' Shift in Family Obligations: 'Lose-Lose' Situation
Indian parents are spending a lot of money to send their children to study abroad.
They don't expect their children to take care of them when they are old.
A businesswoman named Devina Mehra says this is not good for anyone.
Parents are stressed and children don't appreciate what their parents do for them.
This is happening because parents want their children to have good lives, but they don't have enough money to do this without hurting themselves.
Indian parents are funding high-cost overseas education for their children
They are not expecting their children to care for them in old age
This shift is seen as a 'lose-lose' situation by Devina Mehra, founder of First Global
Parents feel obligated to fund children's dreams, but receive little gratitude
This trend is driven by rising aspirations and unchanged incomes
- Who
- Indian parents and their children
- What
- Funding high-cost overseas education and shifting family obligations
- Where
- India
- When
- Currently
- Why
- To provide better opportunities for children, but also due to changing societal expectations
Parents' Perspective
Children's Perspective
Financial Obligation
Parents' Perspective
Parents feel obligated to fund children's education
Children's Perspective
Children may feel entitled to this support
Key facts
- Founder's Name
- Devina Mehra
- Company
- First Global
- Shift in Family Obligations
- Parents not expecting care in old age, funding children's education
- Perception of the Shift
- A 'lose-lose' situation
Quotes
Devina Mehra
Devina Mehra is the founder and CMD of First Global.
“People now want to free their children from any obligation of looking after the parents in old age.”
businesstoday.in
“Jis course, jis country per haath rakh diya… they feel they have to pay fees for that.”
businesstoday.in
Sources
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