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Economy’s Latest Victim: Obnoxious Parents

How many times did you have to hear “Well, my little Johnny is so smart he’s going to be president someday!” or “Isn’t my little Susie the most talented girl you’ve ever seen?” to want to puncture your own eardrum with a sharp object?

Jonah Light | Getty Images

Well, eardrums of America, rejoice! The economy has claimed its latest victim: parental pride.

Just 41 percent of US parents think today's children will have a better standard of living when they grow up, according to a recent survey by Ipsos/New York Life Insurance.

Of course, there are still a few holdouts who think their kids are better than everyone else’s: 54 percent said that their kids specifically would have a better standard of living than they did. Your little rugrats, of course, are a different story.

On the upside, parents today are realizing they have to give their kids more than Cheetos and ninth-place ribbons to ensure success: 63 percent of parents said teaching their kids financial responsibility was one of the best ways to help their kids thrive in the future. Four out of 10 said encouraging kids to work toward a well-paying career was one of the best ways to help them succeed.

Nice work, everyone! America may have a shot at being a leader on the intellectual front after all. Now get back to doing what you do best — embarrassing your kids.

Moooooooooooooom ....

Note: The Pony Blog will be on vacation May 30 to June 3.

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Contact Pony Blog

  • Cindy Perman is a writer at CNBC.com, covering jobs, real estate, retirement and personal finance.

  • Based in Los Angeles, Jane Wells is a CNBC business news reporter and also writes the Funny Business blog for CNBC.com.

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