As I always do, I began the morning by reading thirty or so websites (it is how I make sure I am LEARNING something every single day). I ran across THIS ARTICLE from CNNMoney. You should read it – especially if you have deadbeat parents/siblings/children.
Here are some of the statements made by writer Blake Ellis that stand out to me:
- When a parent uses their own child, the risk of prosecution is lower because of the family ties. Talk about ultimate manipulation!
- If a parent has a child’s social security number, they can do almost anything — no matter how young the child is — because a credit check does not reveal a person’s age. Unbelievable.
- Because of the availability of personal information to close family members, more than half of identity theft cases are typically committed by parents. Another potential result from being a poor manager of money – robbing from one’s own children.
Let’s be clear here – it is THEFT. Parents are ROBBING THEIR CHILDREN because they are mismanaging their own finances. Don’t believe it can ever happen to you? You would be surprised what people will do when they become financially desperate.
Have you known someone who has experienced this? What was it like?