I’m not rich, nor do I expect to be any time soon, but this was still a good read.
Madeline Levine’s The Price of Privilege is addressed to the upper middle class, especially those who live in upper middle class communities, and seeing as I still live in a basement, I wasn’t the target audience. Nonetheless, the advice was still valid.
Most of the book centers on the ideas that the rich are often so preoccupied with perfection and keeping up appearances that they don’t set aside the appropriate amount of time and effort to take care of their families and children. It points out that children who never learn how to fend for themselves are far more likely to end up turning to alternative methods in order to regulate emotions like anger, fear, or depression. Those alternative methods usually include things like cutting, eating disorders, and psychiatric disorders like depression and anxiety.
The Price of Privilege offers some condensed, but clear advice for how to recognize the cognitive and social development that children go through at various stages throughout their early lives. It gives some concrete advice for things that parents should do to help their children break habits that have been part of an affluent culture.
I really enjoyed this book, mostly because I already agreed with a lot of the points that Dr. Levine makes. I would recommend this book to most parents, rich or not. If you are rich, you may want to couple this book with actual therapy (whether you need it or not, if you’re rich, you can afford the therapy).