Uploaded July 2013 | Updated September 2026, 2 hours ago
Do kids from wealthy families know the value of money? Recently, a third grade boy from China reportedly stole money from his father so that he could shower his classmates with food and gifts. That's when the teacher got suspicious and found out the boy had a bankcard with a limit of 1 million yuan. It turns out he had hoodwinked his father into giving him the pin, so he could access the money.
Watch Mike Chen and Karen Chang discuss this phenomenon in China, and other cases that may pose a worrying trend for the future.
Do kids from wealthy families know the value of money? Recently, a third grade boy from China reportedly stole money from his father so that he could shower his classmates with food and gifts. That's when the teacher got suspicious and found out the boy had a bankcard with a limit of 1 million yuan. It turns out he had hoodwinked his father into giving him the pin, so he could access the money.
Watch Mike Chen and Karen Chang discuss this phenomenon in China, and other cases that may pose a worrying trend for the future.










