This podcast episode dives into the dynamics of back-to-school preparations in China and beyond, uncovering the escalating spending habits of parents for their children's education, particularly for university freshmen. While highlighting the extended breaks that allow students time for rest and homework, discussions transition into the financial burdens that back-to-school expenses impose on families, comparing trends between China and places like North America and Ireland. As the conversation explores the necessity versus extravagance of these expenditures, it also questions the evolving nature of what's deemed essential, including new tech and driving lessons, while wrapping up with vital financial literacy advice for families to manage these costs.
