If he were my son, this is what I would do. The best thing to do would be to take away his electronics, wallet, expensive clothing, etc and other items of luxury until he has nothing but a roof over his head and food to eat. He will only eat healthy main courses just to keep him full, without any desserts or snacks in between.
He will not be gaming or going on his computer (unless it's for homework) but will be helping out with chores, studying and completing his home learning. Perhaps even take him to a shelter as someone suggested so he realizes what an easy life he has. Then, as he becomes a more decent person, he will earn all his things back.
Stick to this plan and never give in unless you want to end up with a useless, close-minded prick.
I'd tell him if he isn't satisfied with the only phone you could get him then you'll return it to the store and he can do without. Harsh? You bet!
It seems that more and more kids want expensive items that their parents can't afford, and the parents feel guilty because they can't get them. Or they simply cannot find the gift in stock and the child is upset because he didn't get just what he/she wanted. Children need to be taught the value of money and the value of working for what they want if the parent(s) cannot afford the full or any of the price of an item at an early age.
It's a lot harder, but I don't believe it is ever to late to teach them this value. You have to decide for yourself if your kids are spoiled or not. Are they unreasonable or not.
And what to do about it. If you can afford it, and if you want to, you could always explain the circumstances for this year and tell him he'll have another chance as long as he doesn't get go overboard next year. But if he doesn't appreciate the fact you did the best you could for him this year,then next year your are going to have some real problems.
It's okay for him to be disappointed, but if he doesn't understand that things happen, and if he doesn't appreciate that you did the best you could do for him, then he need to learn how to work for what he wants. I have no sympathy for children or want the most expensive things and pout or throw tantrums when t hey don't get them, or parents who give, give , and give because the kids are used to it and expect it. I've listened to too much whining and complaining from both sides.
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I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.