Do you have a trust fund?

[Anonymous]

OP, to be clear: just because someone behaves like someone with a trustfund, does not mean they have one. You know that, right?

[Anonymous]

Anonymous wrote:Weird obsession OP. I went to an Ivy League school with a bunch of trust fund kids. I'm middle class and never even gave it a second thought. Some close friends have them but I have no idea of the specifics that you are asking.

Er, it's not an obsession. I don't feel insecure about people who have trust funds and I don't crave that lifestyle. It's just idle curiosity. It takes 2 seconds to make a thread on a forum I regularly browse for other reasons, and in case you weren't aware of this, people take 2 seconds out of their time to satisfy their idle curiosity all the time on the Internet. If anything, you posting in this thread with a negative comment and then explaining how much you don't care about trust funds looks sillier.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Weird obsession OP. I went to an Ivy League school with a bunch of trust fund kids. I'm middle class and never even gave it a second thought. Some close friends have them but I have no idea of the specifics that you are asking.

Er, it's not an obsession. I don't feel insecure about people who have trust funds and I don't crave that lifestyle. It's just idle curiosity. It takes 2 seconds to make a thread on a forum I regularly browse for other reasons, and in case you weren't aware of this, people take 2 seconds out of their time to satisfy their idle curiosity all the time on the Internet. If anything, you posting in this thread with a negative comment and then explaining how much you don't care about trust funds looks sillier.

Ok. Carry on then.

[Anonymous]

DH has one. We touch it rarely, and it's grown to about $2 million now. Neither of us makes a ton of money, so it's great to have it to fall back on when necessary.

[Anonymous]

We never talked about it at undergrad or in law school. I would never have known. I did set up college trust funds for both kids when born (pre 529s) but they were decimated by the recission so we are using them to pay for private school and first year of college and closing them out. For college savings 529s are a much better option than a trust fund nowadays.

[Anonymous]

My SIL and a friend from college have trust funds. Basically there were funded from insurance money upon their parents early deaths. No sure of the number.

[Anonymous]

Anonymous wrote:DH has one. We touch it rarely, and it's grown to about $2 million now. Neither of us makes a ton of money, so it's great to have it to fall back on when necessary.

Why should your husband work hard to find a high-paying job if he's to inherit $2m?

[Anonymous]

Anonymous wrote:Weird obsession OP. I went to an Ivy League school with a bunch of trust fund kids. I'm middle class and never even gave it a second thought. Some close friends have them but I have no idea of the specifics that you are asking.

I have to agree. This isn't idle curiosity, this is a freaking numbered questionnaire. Anonymous or not, it's very off-putting.
Like PPs, I highly doubt any responses you do get are going to be real. If you're looking for fiction about rich people you can find much better than what you'll get on here at your local library.

[Anonymous]

I have a self funded trust fund. Does that count?

[Anonymous]

Anonymous wrote:I'm just curious to learn more about the kind of people who have trust funds. I had never met any people like this until I moved to DC, got married, and started seeing these people at work and among DH's colleagues. So if you have a trust fund can you answer these questions:

1. What is your ethnic background? (WASP, Jewish, Asian, Hispanic, etc)
2. Did you come from "old money"? How many generations back does your family have wealth?
3. What is the size of your trust fund? If you're not willing to type a number, a range would be great.
4. At what age did you receive it?
5. When did you find out that you had a trust fund? When you were a kid? When you were in college?
6. What do you plan to do with it?

Thanks! Just curious. I'm from a solid middle-class family. I worked as a babysitter and a dog walker as a kid and teenager, mowed lawns for cash, saved up to help pay a portion for my new car, and went to a state university for the in-state tuition and scholarship money. So this is a world I know nothing about!

Hey OP. I know nothing about your world. I worked and went to night school to pay for under grad and grad school. Still extensively help family financially. Your background is middle class. Nothing unusual. Neither is mine. Move on

[Anonymous]

Grew up with a girl who got her trust fund at 18. It wasn't much. I paid out roughly $50k a year. At 18, you think that is money but as you grow tup you realize it isn't much.

[Anonymous]

NP. Trust fund babies are even more sensitive/defensive than I always imagined. Is it because you know you didn't earn this money at all? Do some of you know that it was ill-gotten money? Is it the lone subject people don't talk about? Never having known that I've met any people with a trust fund, I've never been curious; now I am.

[Anonymous]

Anonymous wrote:Grew up with a girl who got her trust fund at 18. It wasn't much. I paid out roughly $50k a year. At 18, you think that is money but as you grow tup you realize it isn't much.

Because it isn't an enormous amount, you think a bonus $50K a year isn't a lot of money? Good god, how much do you have?

[Anonymous]

I find this a bit interesting. So like the OP, I am curious. I am Asian new money. I don't have a trust fund, but my kids hopefully will. For that reason, I would find any good responses useful.

[Anonymous]

NP here. Had never really thought about it, and don't know anyone with one (I don't think!) but am fascinated by the negative reactions this has brought out against OP. Who cares if she's barely curious or curious enough to have a numbered list?

Of all the things that go on DCUM I hardly think this is worth the bitching!

:::sitting back with popcorn::::