Rabbi Ginsberg, the chinuch columnist in the Yated, whose columns I find interesting has a question and answer session about camp. This question send my jaw dropping to the countertop (ouch!).
You know the insane are running the asylum when kids are pressuring their parents to take on debt!
This is just beyond ridiculous! But I can imagine such a scenario happening since so many adults haven't quite made the separation between needs and wants and when it is no secret that "big purchases" that are "necessary" are funded through debt (read: weddings-here and here-, beis medrash, etc).
From the Yated [emphasis mine]:
My children are pressuring me into taking a loan so that I can send them to camp. They point to the fact that I used a loan - a mortgage - to pay for our house.
Just like children need an education as to how checks work and how there needs to be cash in the bank to back up the checks, they also need to understand how loans work. The details of how interest works and how loans have payment schedules are things that children can and should learn. They should also be taught that a mortgage is a necessity, while a loan to pay for camp may not be.
How to be sensible in managing money, how to live within one’s means, and how to be debt-free are perhaps some of the most important lessons you can teach your children. Personally speaking, I grew up in a family that never had a credit card and my mother still gets by without owning one.
My guess is that the kids who are pressuring their parents to take out a loan have parents who debt finance, and not just the home.