It sounds like something from a fairytale, a wish granted by a genie set free from a lamp. Brooklyn Peltz Beckham’s wife Nicola, who is 31 years old, reportedly receives a million dollars a month allowance from her dad. A million dollars a month.
Further dissecting the endlessly dissectible Beckham feud on her podcast The Rest Is Entertainment, Marina Hyde said: “I hear, and maybe Nelson Peltz will deny this, but I hear that he said to the Beckhams: ‘I give my daughter a million-dollar-a-month allowance. Why don’t you?’”
David and Victoria Beckham, by contrast, supply Brooklyn with “a lot of money, but not insane money,” according to Hyde.
The – possibly only – thing these warring families have in common is that neither of them are giving their adult offspring no money. And too right. No matter how old your children are, refusing them an allowance is cruel. It’s unspeakably mean, in both senses.
The only caveat here is being financially able to afford it, of course – but if you can, you should. Must. It’s your duty. Always, but particularly now, in these grim cost of living crisis times, when much of what older generations took for granted as guaranteed rites of passage are deluded pipe dreams for young people.
It’s probably not too much of a sweeping generalisation to say most of us might struggle with the generosity level of Nicola’s father, Nelson Peltz, who has a net worth of $1.6bn, but it’s surely our obligation to do what we can as parents, on a pro rata basis.
Currently, my son, who is 11, receives £3.50 in pocket money a week. I know people who pay their kids to do chores rather than giving essentially money for nothing, but we believe he should help out around the house because he lives in it. No one remunerates either of us to change the sheets on our bed, or unpack the dishwasher, so why should he be financially rewarded?
Doing your bit around the home is part of cohabiting, and chances are his future flatmates and/or partner won’t pay him for any of this either, so he better get used to it. However, he is too young to earn his own money by working, and needs independence, and to be able to save up to buy what he would like, so we give him pocket money. (Although at this point it would be more efficient to pay it straight to Nintendo.)
It’s hard to imagine how out of reach rent will be by the time he’s old enough to require even more independence (in other words, to live separately from his mum and dad). His first job will presumably be on low pay, while the prices of food, electricity, gas, water, commuting – basic necessities – will have continued to rise no doubt. Why wouldn’t we help him out if we’re able to? It would feel perverse not to.
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Is there really a serious argument for leaving him to struggle on his own, to go hungry or cold, or if his situation isn’t that dire, to just have that horrible pit of money worry in his stomach constantly? And even if he’s doing ok, he could always be doing better, with a bit of assistance from us. Like all parents, we want his life to be as nice as possible. There will be so much that we are powerless to protect him from – giving him a hand financially is literally the least we can do. He didn’t ask to be born, after all, that’s fully on us.
It should also be noted that even Nicola Peltz Beckham – “a million dollars a month” – and Brooklyn – “a lot of money but not insane money” – don’t just sit around on never-ending holiday, which they definitely could. They’re not aimless, directionless party people, with social media feeds full of wild nights and reckless antics. They both work.
Naysayers will point out that they’re hardly stacking shelves in a supermarket, she’s an actress and he’s a, um, “chef”, but that only reaffirms the point. They have been afforded the freedom to follow their dreams, to pursue their interests, to explore and discover who they really are. What a gift to give your children. In the grand scheme of things, Nelson Peltz got a bargain.
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