I'm looking for other people's opinions on this questions. I have a good friend that is going to have a child in about 4 months and they have a lot of debt due to their business not doing well. They are trying to pay back everything rather than declare bankruptcy, but personally I don't think they are going to be able to pull it off. There is a lot of unpaid bills there.
Anyway, we were at lunch with some other friends when one of them blurted out, "You know, it really isn't fair to the child to have it when you're in debt." As you might imagine, that set off a firestorm, but with the group split half and half on which side was right.
I understand that all things being equal that having some money rather than not having any money would be good, but money in itself doesn't make you a good or bad parent. I'm curious what others think about this?
Anyway, we were at lunch with some other friends when one of them blurted out, "You know, it really isn't fair to the child to have it when you're in debt." As you might imagine, that set off a firestorm, but with the group split half and half on which side was right.
I understand that all things being equal that having some money rather than not having any money would be good, but money in itself doesn't make you a good or bad parent. I'm curious what others think about this?
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