Building upon earlier work that brought together an examination of children's geographies with an analysis of the effects of global economic restructuring on social reproduction, this paper addresses the new spatialities of childhood in the United States. I argue that the spaces of contemporary childhood at all scales from the body to the globe are compromised under the corrosive effects of neoliberal capitalist globalism, the heightened concern with security, and escalating privatization. Reclaiming the language of "terror" to examine these effects and their entailments for children's everyday lives in an increasingly privatized public environment and evermore exposed private environment, I will look at the insecurity that arises from broad retreats in the social wage on the part of the state and capitalists. I argue that much of the mundane hypervigilance that has come to characterize daily life in the U.S. can be traced to the insecurities provoked by «globalization» and the deterioration of the social wage. The paper describes some of the new surveillance technologies in the home such as «nanny cams» and child monitors, and argues that these are means of negotiating the altered landscape of social reproduction, the inequalities associated with global economic restructuring, and enduring gendered divisions of labor. I suggest that these privatized measures simultaneously elide and mystify the real sources of insecurity, failing to redress them at all. My broader argument is that the geographies of contemporary childhood are most compromised by widespread retreats in the social wage enabled by the globalization of capitalist production the ascendance of neoliberalism, and it is these issues that demand our attention.