Marie Summers’ daughter goes to school with kids who take fabulous vacations and drive expensive cars. There are both upsides and downsides to being surrounded by high-fliers, Summers says.
Summers, who comes from a middle-class background, says there are trade-offs in sending her daughter to an expensive, private school with children who have more money than she does.
Most of the children are blessed with parents who are able to dedicate a lot of time and financial resources to raising them. The children have impeccable manners and know how to act appropriately at school and in other social settings, Summers said. They are also very aware of the world, says Summers, a resident of Santa Cruz, California.
The whole atmosphere sets the bar a little higher for achieving goals in life.
“The kids expect to go to college and have a good life,” Summers said. “Most of these kids have many opportunities like dance and sports teams and most excel in their activities.”
However, there is one big disadvantage. The kids in her daughter’s school take extravagant vacations and have travel opportunities that her daughter hasn’t had yet. Summers says her daughter discovered in her ninth-grade history class that she was the only one who had never been out of the country.
“We are not able to take real vacations, but these families vacation at every break,” Summers said. “They take some really great family trips, like yoga retreats in Mexico.”
The experience is certainly different from the public school her daughter attended for her first eight years of schooling. Now several years into private school, her sixteen-year-old daughter has gleaned some important lessons about life and money.
“She has learned that money isn’t everything,” Summers said. “Not every child who has money has a good family situation. Not every girl with an unlimited clothes budget is a person our daughter wants to hang out with.”
Jennifer Hartman, a principal at Greenleaf Financial Group, LLC in Los Angeles, says when your family has significantly less—or more—money than other families, it can be a wonderful learning opportunity for your children.
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