Sports dreams carry a price
By Associated Press | China Daily | Updated: 2016-08-03 07:39
Escalating costs driving some parents to ruin The Olympics sparks hope in many a child of going for the gold. But in financially supporting those dreams, some parents are going for broke.
For his 15-year old son's traveling hockey team, Tim Richmeier was spending about $5,000 a season by using his tax refunds, halting contributions to his retirement fund and putting travel expenses on a credit card.
Richmeier said it was a great experience for his child, but after four years it was a financial relief when his son was cut from the squad.
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