American Parents Find Ways to Curb Cost of Kids

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

As the recession drags on, moms and dads are finding ways to dote on their kids without opening their wallets. Fancy birthday parties, music lessons, sports leagues and gifts are being scaled back or eliminated. Even the Tooth Fairy has been put on a budget.

The pain is not limited to the kids. Businesses are also feeling the pinch.

In 2008, sales of toys fell 3 percent to $21.6 billion from the previous year. Children's clothing fell 2.2 percent to $36.8 billion, according to the research firm NPD Group.

Susan Newman, a parenting author and researcher, says parents
need to get used to saying "no," and she suggests they be honest.

Newman says "frank, open discussion is far better in getting your children's cooperation and easing your parental guilt." She adds, "The downturn in the economy is really an opportunity to teach our children to deal with disappointment."

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 43001372 -
Gray Television, Inc.