My column in today's Daily News is on the fate of children who star in reality TV shows. Are they being exploited or are critics of shows such as "Jon & Kate Plus 8" making too much out of nothing? One of my favorite financial gurus, Suze Orman, recently waded into the debate. And here's what she told Predicto TV:
“Here's the thing. I get that—the kids are telling the aunts, the uncles, that they don't like the cameras, things like that. I don't think they're violating child labor laws. I think if anything, a lot of money's coming in that's setting those kids up for the rest of their lives. So I don't know: a few cameras here, to show the kids; lots of millions of dollars to send the kids to school for the rest of their lives—versus student loans? I don't know, maybe when those kids get older they'll say "Mom, thank you so very much!" To tell you the truth, I don't have clue. But I don't watch the show. And ask me if I'm ever going to watch...”
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Jen, there was something, which I think still exists, called the "Jackie Coogan (???) law" which means that parents cannot spend on themselves what their children have "earned." And if these children weren't in the picture, there would be no picture.— CountryRose- Jen, there was something, which I think still exists, called the "Jackie Coogan (???) law" which means that parents cannot spend on themselves what their children have "earned." And if these children weren't in the picture, there would be no picture.— CountryRose
- Right on, Suzi! Let the parents humiliate themselves, setting a horrible example & the kids profit from it (if the parents don't spend it all on lawyers, bodyguards, pedicures, etc).— rmyurick
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Read more from Jenice Armstrong at Earth to Philly, the Daily News blog on anything and everything "Green."
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