Many fellow Chinese parents (plan to) spend /disproportionately/on their kids because .. (hold your breath) they want-to not pressured-to spend.
Chinese parents feel good about /martyrdom/sacrifice/ — saving up and investing on kids education.
Labor of love — However, Some (33 to 50%) of my peers complain and appear to be under pressure to put up such huge amounts, due to peer pressure, and societal expectation like a “norm”.
How am I different?
- I don’t plan to spend on /branded/ colleges, so there’s a 50/50 chance I won’t start saving until 4Y before college
- I don’t want to spend on luxury vacations as an glorified “education” — unnecessary, unjustified and too costly
- I do consider taking lower jobs to spend more time with kids, if effective and worthwhile.
- commute — I want to spend huge amount to cut my commute so I can spend more time with family and for myself
- non-academic — I plan to spend on kids’ non-academic pursuits, as Jenny on swimming, piano, coding, camps