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Parental spending on kids’ sports may be misguided

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The days of furthering a kid’s athletic career by telling him to go play outside are ancient history.

Today, sports is big business, and moms and dads act accordingly. There are travel teams for their kids to play on, club memberships, clinics, individual coaching, expensive equipment.

Parents are spending thousands of dollars a year — just the travel expenses for youth sports is $7 billion a year, according to a recent report from CNBC — on kids’ sports careers.

But…

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