Today's guest post concerns the work of Dr. Cheryl Rampage, Senior Vice President for Programs and Academic Affairs at The Family Institute at Northwestern University. She has shown how a family's being financially well off can at times actually increase the risk of anxiety, depression, and substance abuse in their children.
|Cheryl Rampage, Ph.D|
When we think of wealth, we often think of all the opportunities and perks that come with it. However, the common misconception that wealth is the solution to all of our problems is negated by recent research that shows while money can give children a head start in life, it can actually impede on their personal and emotional growth as they get older.
While her research shows that prosperity can impose psychological distress on youth, parents and guardians can step in by following best practices. According to Dr. Rampage, parents can mitigate the risks of wealth by providing structure at home, unconditional love and consistent communication with their adolescents. The infographic below illustrates the ways in which affluence affects children’s mental health in early childhood and adolescence and what parents can do to positively contribute to children’s overall development.
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