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http://www.omniture.com --> Sections Home Page Local News AP News Blogs Archives Business Classifieds Event Calendar Forums Life Opinion Obituaries Multimedia Photo Gallery Readers Photo Gallery Sports Tempo Weather Road Cams Special Coverage 2006 Britt Festivals --> Shop Our Valley AutoFinder HomeFinder JobFinder Search Our Valley Special Sections Distinctly Northwest Readers' Choice Homelife Magazine Joy Magazine Oregon Golf Info Oregon Wine Info Other Publications Local Links Ashland News eSouthernOregon Newspapers In Education Personals Moving Here Movie Listings TV Listings Volunteer Customer Service Advertise With Us Media Kit Place Classified Ad Contact Us FAQ's Home Delivery Site Map --> Email Story to a Friend March 4, 2007 No free ride for rich kids Study shows rmost expect to work The Associated Press Not all rich teenagers want to pattern their behavior after spoiled celebrity heirs and heiresses. Instead, the majority of these well-to-do teens expect to work for what they want, according to a recent survey from The PNC Financial Services Group Inc. Four out of five teens said they are willing to work for those things they want to buy, and 63 percent between the ages of 18 and 20 have a full-time or part-time job. Only one in five believe they deserve to be rich because their parents are rich, while more than half said this wasn't the case. "The results demonstrate that, even if these teens were born with a silver spoon in their mouths, they don't expect life to be handed to them on a silver platter," said Bruce Bickel, a senior vice president at PNC Wealth Management, a member of The PNC Financial Services Group. Affluent parents overwhelmingly want to instill money sense into their children, according to the survey, with 90 percent believing in the importance of teaching the value of money through hard work. However, affluent parents fall short in practice. Only 28 percent of parents have discussed the meaning of the family's wealth with their children, while 11 percent avoid the topic altogether. The study surveyed 210 wealthy teenagers and 272 affluent parents with children under the age of 18. The adults had annual incomes of $150,000 or above with at least $500,000 of investable assets. Would you like to respond to this story? If so Click Here to visit our forums. Advertisement Copyright © 1997-2007 Mail Tribune, Inc. All rights reserved. Privacy Policy | Terms & Conditions | Website Feedback online casinos news Home Security Systems Online Casino Reviews Trunks, Footlocker Fundraisers UK Homeowner Loans Casinos Canada Cord Blood Banking Discount Hotel Reservations Texas Electric Choice Compare Electric rates in Texas Windermere Van Vleet Men's Clothing Debt Help New Hampshire Primary