The Best One Yet 💑 “The Parenting Pod” — Our 3 Best Pop-Biz Stories on Parenting
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Feb 26, 2025 Dive into the fascinating rise of the Only Child Economy and its surprising impacts on society. Explore Apple's decision to launch a smartwatch specifically designed for kids, focusing on safety and communication. Discover innovative ways new parents can financially prepare for their children, including creative investing ideas like 529 plans. This lively discussion combines heartfelt parenting stories with insightful business analysis, offering a fresh perspective on raising the next generation.
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The Only Child Economy
- Millennials are having only children at double the rate of previous generations, driven by economic factors.
- This trend is creating a unique "only child economy" with distinct purchasing and labor patterns.
Apple Watch for Kids
- Apple targets kids with the Apple Watch, addressing parents' tech paradox of wanting both connection and limited screen time.
- The watch lacks social media, emphasizing Apple's focus on trust and privacy, unlike other tech companies.
Financial Planning for New Parents
- Start a 529 savings plan early for your child's future education expenses.
- Supplement this with gifts of stock in companies they love to foster financial literacy.