This obviously is the height of irresponsibility.
And their lack of responsibility clearly will adversely affect many people, apart from themselves.
The million quid they've gotten can be squandered and disappear overnight but little Masie will bear the brunt of having parents who obviously can't think for themselves. The emotional scarring will be tremendous.
I don't think this is an isolated case but when you think about it - what if other kids of their age perceive it as a cool thing to do (being parents at barely 15 and the possibility of getting money for their story) and suddenly, we see all the Bart Simpsons in the world becoming fathers?!
What if these boys don't come from families who cannot afford to support these poor babies? This is a very probable outcome of the irresponsible acts of children who don't even know what the term 'financially' means!
And the social implications will be these children (who suddenly become parents) will be ostracized by society, feel pressured by the burden and responsibility of being parents when they themselves have not emotionally and physically matured, and cannot even take care of themselves, let alone a baby.
So, what happens? These young parents end up divorced, or worse commit suicide, and these poor, little babies grow up with a single parent, their own lives shaped by the absence and real love and responsibility of adult parents, thus possibly and most probably they themselves end up being emotionally, developmentally and socially handicapped.
Most people perceive this kind of thing simplistically ie. morals or sex, which I find alarming because the big picture is indeed quite horrifying. If you have the time to look at statistics right here in Singapore, the divorce rates among young parents are at its all time high, and the broken and fighting families (fighting for custody and alimony) is not going to shape a generation of leaders or at least useful young people who can contribute to society.
The children of these broken families will most likely be your next robber/murderer/drug abuser/molester/rapist/cheats or whatever.