Is your wealth creating spoilt and ungrateful kids?

A few months ago I came across an unbelievable video circulating on social media. A teenage girl from Beverly Hills went on an episode of Dr Phil, berating her mother for cutting her allowance from US$5,000 per month to US$1,000 a month, and refusing to get her a Mercedes G-Wagen worth over US$140,000.

In the cringeworthy video, the mother regretfully admits to spoiling her daughter, and is at a loss of how to salvage the situation.It isn’t talked about enough, but it is clear that dysfunction tends to breed among the wealthy, especially among the young ones.