[bcrdukes]

I feel that might be a bit harsh (re: suffer financially)

I mean, in order to grow and gain life experiences (i.e. date, buy a car, travel etc.) you have to spend some money. Unless the idea is to stay at home and not spend any money, then there are missed opportunities for personal growth and development.

If by blowing their money means boozin' it up and doing cocaine on a weekly basis, well, that's a different story.