The amount of people living subsidized by their parents is astounding

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well I hope these family freeloaders are generous to the people in the service industry that have to cut their nails, serve their food, and clean up behind them.

They’re almost certainly not. They view these people as fundamentally beneath them - because they have convinced themselves that, as the beneficiaries of generational wealth, they’re God’s chosen people and everyone else is a lesser being who exists to serve them.

I have seen this attitude in this area (and on this site) more times than I can count.

Not entirely true. I always tip extremely well (25-30%). During covid I paid my mani/pedi person every 2 months--I just dropped off $200. I paid my house cleaners for 15 months and never had them come to my house.

Lol and rich people who love to say how much they tip, are usually the ones driving huge SUV gas guzzlers that clog DC streets, take multiple overseas vacations polluting the planet, consume more than their share of crap fabricated by exploited workers, live in a huge wasteful house with a 100% grass garden that gets sprayed by the lawn guys, and think that buying a $5k handbag will somehow trickle down to benefit us normies. Get bent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, its none of your business what other people do for their kids. If it bothers you so much, ear, save and invest more and give your kids zero $.

The way society functions affects us all, and is therefore everyone’s business. When you gift your children townhouses in major metropolitan areas to use as rental properties, for example, you’re not JUST helping YOUR kids… you’re contributing to the f—king housing shortage that makes life for difficult for everyone else’s kids.

how is a rental property no matter how it’s sourced contributing to the housing shortage? Are you suggesting that said rental property sits vacant?

NP here, but the issue of rental properties vs owner occupied housing has been widely studied. Over the last 20 years, the number of homes that are not owner occupied but are rental properties has skyrocketed. Many of these are owned by REITs, private equity, corporations or used as short term rentals (aka Airbnb). It is also not uncommon for these entities to be foreign owned. This phenomenon has had a direct and irrefutable effect on the housing market and availability and contributed to the housing shortage. Often the reason why is that these buyers offer all cash and other desirable terms (can close very quickly, no financing contingencies, etc). to sellers so they win the house vs a regular family with regular terms. These buyers also directly contribute to the sharp increase in home prices, so not only is supply limited but the prices are sky rocketing in the last 10 years.

Now, I don't know the percentage of these buyers being generational wealth individuals who were gifted the money from their parents, to then turn around and buy homes that they rent or turn into AirBnBs, but they are the mini version of private equity owners. So yes, they are contributing to the crisis. How much they're contributing, I don't know. But their hands aren't completely clean here. I don't have the answer to this problem but it is a problem.

Here is a CNBC segment from 2 years ago. Get educated. https://youtu.be/iLsZlrZIFwU?si=6WQxaveEag1NVh-H

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, there is always one generation that works very, very hard and then they create the generational wealth for their children.

You should strive to be that generation and provide for your children and future generation. We are immigrants who came with $200 in this country. We lived a life of penury for several years and we worked very hard. Our children will get a leg-up in life from us. Their life will be easier than ours. Hopefully, they have imbibed good values from us and they will add to the generational wealth and they will also raise their kids well. Education and hard work are the keys.

This! I am an immigrant, who came to this country with no assets. I work hard, so that my children will have it easier in life.

But then your children will NOT have to work hard to provide for their children, so the statement “education and hard work are the keys” is false. Lots of people work hard. Lots of people are well educated. Trust fund kids are LUCKY. The end.

They may be lucky but it doesn't mean they don't work hard. Vast majority of them do. And yes there will always be someone "luckier than you" unless your last name is gates/bezos/musk

They don’t. The evidence is littered all over this thread. Most of you have never done a hard day’s work in your lives, and your precious snowflakes wouldn’t know hard work if it bit them in the ass.

People bristle against this modern day landed gentry because it’s fundamentally unAmerican. Although I guess we’re trending that way, so keep patting yourself on the back and pretending that you (and your spawn) are simply more deserving of the good life because you’re the only ones who work hard

You seriously have issues. So a 26 yo is who has had a job since college graduation with a good company and is in the top 25% of employees is "not working hard"? Fact is most kids who grow up UMC+ do work hard.

Nobody who sits at a desk all day works hard. I’m sure they sit at that desk for many hours every day, but long hours =/= hard work. The mere fact that you think these cushy UMC desk jockey jobs are so arduous is evidence of your extreme (unearned) privilege. Thanks for proving my point.

If you don't want to do "physical labor" then you need to plan. But yes a desk job is good work. It's what happens when you get a college education most of the time.

Yes and that education (that your mommy and daddy or your trust fund paid for) that allows you to sit on your ass all day doing some bullshit job (while being paid obscene amounts of money) while the little people are *actually* doing the *actual* hard work that enables our society to function is part of your unearned privilege.

I don’t blame you for wanting the same for your children, it’s obviously an incredibly easy life, but I do want you to stop pretending you’re superior because you work so hard and planned so well. You don’t, and you didn’t. You were born on third base, just own it.

I grew up poor. I ate free lunch for over 4 years in school. I had to work for everything I got in life. Education was my pathway out of lower income lifestyle. I figured that out early and worked to ensure I'd get to college. Was valedictorian, graduated college with a 3.9 gpa all while double majoring and working part time.
So yeah don't think I was "born on third base". I was born outside the stadium, hoping to get in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well I hope these family freeloaders are generous to the people in the service industry that have to cut their nails, serve their food, and clean up behind them.

They’re almost certainly not. They view these people as fundamentally beneath them - because they have convinced themselves that, as the beneficiaries of generational wealth, they’re God’s chosen people and everyone else is a lesser being who exists to serve them.

I have seen this attitude in this area (and on this site) more times than I can count.

Not entirely true. I always tip extremely well (25-30%). During covid I paid my mani/pedi person every 2 months--I just dropped off $200. I paid my house cleaners for 15 months and never had them come to my house.

Lol and rich people who love to say how much they tip, are usually the ones driving huge SUV gas guzzlers that clog DC streets, take multiple overseas vacations polluting the planet, consume more than their share of crap fabricated by exploited workers, live in a huge wasteful house with a 100% grass garden that gets sprayed by the lawn guys, and think that buying a $5k handbag will somehow trickle down to benefit us normies. Get bent.

Other than traveling we do none of that. Live in a condo and rarely drive my EV because when you live in a city you can walk most places. And I have never spent more than $200 on a handbag. See some of us can be uhnw and not be flashy. But we will continue to ensure future generations can live life a bit more comfortably.
You can also do that if you make the choice--instead of being jealous and nasty about successful people out more of your efforts into bettering yourself. You will be much happier

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, there is always one generation that works very, very hard and then they create the generational wealth for their children.

You should strive to be that generation and provide for your children and future generation. We are immigrants who came with $200 in this country. We lived a life of penury for several years and we worked very hard. Our children will get a leg-up in life from us. Their life will be easier than ours. Hopefully, they have imbibed good values from us and they will add to the generational wealth and they will also raise their kids well. Education and hard work are the keys.

This! I am an immigrant, who came to this country with no assets. I work hard, so that my children will have it easier in life.

But then your children will NOT have to work hard to provide for their children, so the statement “education and hard work are the keys” is false. Lots of people work hard. Lots of people are well educated. Trust fund kids are LUCKY. The end.

They may be lucky but it doesn't mean they don't work hard. Vast majority of them do. And yes there will always be someone "luckier than you" unless your last name is gates/bezos/musk

They don’t. The evidence is littered all over this thread. Most of you have never done a hard day’s work in your lives, and your precious snowflakes wouldn’t know hard work if it bit them in the ass.

People bristle against this modern day landed gentry because it’s fundamentally unAmerican. Although I guess we’re trending that way, so keep patting yourself on the back and pretending that you (and your spawn) are simply more deserving of the good life because you’re the only ones who work hard

You seriously have issues. So a 26 yo is who has had a job since college graduation with a good company and is in the top 25% of employees is "not working hard"? Fact is most kids who grow up UMC+ do work hard.

Nobody who sits at a desk all day works hard. I’m sure they sit at that desk for many hours every day, but long hours =/= hard work. The mere fact that you think these cushy UMC desk jockey jobs are so arduous is evidence of your extreme (unearned) privilege. Thanks for proving my point.

If you don't want to do "physical labor" then you need to plan. But yes a desk job is good work. It's what happens when you get a college education most of the time.

Yes and that education (that your mommy and daddy or your trust fund paid for) that allows you to sit on your ass all day doing some bullshit job (while being paid obscene amounts of money) while the little people are *actually* doing the *actual* hard work that enables our society to function is part of your unearned privilege.

I don’t blame you for wanting the same for your children, it’s obviously an incredibly easy life, but I do want you to stop pretending you’re superior because you work so hard and planned so well. You don’t, and you didn’t. You were born on third base, just own it.

I grew up poor. I ate free lunch for over 4 years in school. I had to work for everything I got in life. Education was my pathway out of lower income lifestyle. I figured that out early and worked to ensure I'd get to college. Was valedictorian, graduated college with a 3.9 gpa all while double majoring and working part time.
So yeah don't think I was "born on third base". I was born outside the stadium, hoping to get in.

Use that big brain of yours to understand that you are reading a thread about *generational wealth* and understand that not EVERYTHING is about YOU. (e.g. this particular conversation into which you have bizarrely inserted yourself.)

It would be like if we were discussing pluses and minuses of various dog breeds and you vehemently insist that YOUR dog is better! But it turns out your dog is actually a fish.

Tl;dr why are you here?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well I hope these family freeloaders are generous to the people in the service industry that have to cut their nails, serve their food, and clean up behind them.

They’re almost certainly not. They view these people as fundamentally beneath them - because they have convinced themselves that, as the beneficiaries of generational wealth, they’re God’s chosen people and everyone else is a lesser being who exists to serve them.

I have seen this attitude in this area (and on this site) more times than I can count.

Not entirely true. I always tip extremely well (25-30%). During covid I paid my mani/pedi person every 2 months--I just dropped off $200. I paid my house cleaners for 15 months and never had them come to my house.

Lol and rich people who love to say how much they tip, are usually the ones driving huge SUV gas guzzlers that clog DC streets, take multiple overseas vacations polluting the planet, consume more than their share of crap fabricated by exploited workers, live in a huge wasteful house with a 100% grass garden that gets sprayed by the lawn guys, and think that buying a $5k handbag will somehow trickle down to benefit us normies. Get bent.

Other than traveling we do none of that. Live in a condo and rarely drive my EV because when you live in a city you can walk most places. And I have never spent more than $200 on a handbag. See some of us can be uhnw and not be flashy. But we will continue to ensure future generations can live life a bit more comfortably.
You can also do that if you make the choice--instead of being jealous and nasty about successful people put more of your efforts into bettering yourself. You will be much happier

Sorry, isn’t your argument that you DON’T think you’re fundamentally better than all of the peasants you so generously pay to serve you?

People like you ALWAYS tell on yourselves if you’re given the space to keep talking.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, its none of your business what other people do for their kids. If it bothers you so much, ear, save and invest more and give your kids zero $.

The way society functions affects us all, and is therefore everyone’s business. When you gift your children townhouses in major metropolitan areas to use as rental properties, for example, you’re not JUST helping YOUR kids… you’re contributing to the f—king housing shortage that makes life for difficult for everyone else’s kids.

Stop whining. You sound like a whiny little b. Nobody owes you anything. Focus on having some gratitude. Go live on a commune. Or at least get some Prozac. You sound like a misery,

That you, JD?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, there is always one generation that works very, very hard and then they create the generational wealth for their children.

You should strive to be that generation and provide for your children and future generation. We are immigrants who came with $200 in this country. We lived a life of penury for several years and we worked very hard. Our children will get a leg-up in life from us. Their life will be easier than ours. Hopefully, they have imbibed good values from us and they will add to the generational wealth and they will also raise their kids well. Education and hard work are the keys.

This! I am an immigrant, who came to this country with no assets. I work hard, so that my children will have it easier in life.

But then your children will NOT have to work hard to provide for their children, so the statement “education and hard work are the keys” is false. Lots of people work hard. Lots of people are well educated. Trust fund kids are LUCKY. The end.

They may be lucky but it doesn't mean they don't work hard. Vast majority of them do. And yes there will always be someone "luckier than you" unless your last name is gates/bezos/musk

They don’t. The evidence is littered all over this thread. Most of you have never done a hard day’s work in your lives, and your precious snowflakes wouldn’t know hard work if it bit them in the ass.

People bristle against this modern day landed gentry because it’s fundamentally unAmerican. Although I guess we’re trending that way, so keep patting yourself on the back and pretending that you (and your spawn) are simply more deserving of the good life because you’re the only ones who work hard

You seriously have issues. So a 26 yo is who has had a job since college graduation with a good company and is in the top 25% of employees is "not working hard"? Fact is most kids who grow up UMC+ do work hard.

Nobody who sits at a desk all day works hard. I’m sure they sit at that desk for many hours every day, but long hours =/= hard work. The mere fact that you think these cushy UMC desk jockey jobs are so arduous is evidence of your extreme (unearned) privilege. Thanks for proving my point.

If you don't want to do "physical labor" then you need to plan. But yes a desk job is good work. It's what happens when you get a college education most of the time.

Yes and that education (that your mommy and daddy or your trust fund paid for) that allows you to sit on your ass all day doing some bullshit job (while being paid obscene amounts of money) while the little people are *actually* doing the *actual* hard work that enables our society to function is part of your unearned privilege.

I don’t blame you for wanting the same for your children, it’s obviously an incredibly easy life, but I do want you to stop pretending you’re superior because you work so hard and planned so well. You don’t, and you didn’t. You were born on third base, just own it.

I grew up poor. I ate free lunch for over 4 years in school. I had to work for everything I got in life. Education was my pathway out of lower income lifestyle. I figured that out early and worked to ensure I'd get to college. Was valedictorian, graduated college with a 3.9 gpa all while double majoring and working part time.
So yeah don't think I was "born on third base". I was born outside the stadium, hoping to get in.

Use that big brain of yours to understand that you are reading a thread about *generational wealth* and understand that not EVERYTHING is about YOU. (e.g. this particular conversation into which you have bizarrely inserted yourself.)

It would be like if we were discussing pluses and minuses of various dog breeds and you vehemently insist that YOUR dog is better! But it turns out your dog is actually a fish.

Tl;dr why are you here?

what a bizarre overreaction

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well I hope these family freeloaders are generous to the people in the service industry that have to cut their nails, serve their food, and clean up behind them.

They’re almost certainly not. They view these people as fundamentally beneath them - because they have convinced themselves that, as the beneficiaries of generational wealth, they’re God’s chosen people and everyone else is a lesser being who exists to serve them.

I have seen this attitude in this area (and on this site) more times than I can count.

Not entirely true. I always tip extremely well (25-30%). During covid I paid my mani/pedi person every 2 months--I just dropped off $200. I paid my house cleaners for 15 months and never had them come to my house.

Lol and rich people who love to say how much they tip, are usually the ones driving huge SUV gas guzzlers that clog DC streets, take multiple overseas vacations polluting the planet, consume more than their share of crap fabricated by exploited workers, live in a huge wasteful house with a 100% grass garden that gets sprayed by the lawn guys, and think that buying a $5k handbag will somehow trickle down to benefit us normies. Get bent.

Other than traveling we do none of that. Live in a condo and rarely drive my EV because when you live in a city you can walk most places. And I have never spent more than $200 on a handbag. See some of us can be uhnw and not be flashy. But we will continue to ensure future generations can live life a bit more comfortably.
You can also do that if you make the choice--instead of being jealous and nasty about successful people put more of your efforts into bettering yourself. You will be much happier

Sorry, isn’t your argument that you DON’T think you’re fundamentally better than all of the peasants you so generously pay to serve you?

People like you ALWAYS tell on yourselves if you’re given the space to keep talking.

Jesus Christ you are insane. Stop inventing ghosts to wrestle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, there is always one generation that works very, very hard and then they create the generational wealth for their children.

You should strive to be that generation and provide for your children and future generation. We are immigrants who came with $200 in this country. We lived a life of penury for several years and we worked very hard. Our children will get a leg-up in life from us. Their life will be easier than ours. Hopefully, they have imbibed good values from us and they will add to the generational wealth and they will also raise their kids well. Education and hard work are the keys.

This! I am an immigrant, who came to this country with no assets. I work hard, so that my children will have it easier in life.

But then your children will NOT have to work hard to provide for their children, so the statement “education and hard work are the keys” is false. Lots of people work hard. Lots of people are well educated. Trust fund kids are LUCKY. The end.

They may be lucky but it doesn't mean they don't work hard. Vast majority of them do. And yes there will always be someone "luckier than you" unless your last name is gates/bezos/musk

They don’t. The evidence is littered all over this thread. Most of you have never done a hard day’s work in your lives, and your precious snowflakes wouldn’t know hard work if it bit them in the ass.

People bristle against this modern day landed gentry because it’s fundamentally unAmerican. Although I guess we’re trending that way, so keep patting yourself on the back and pretending that you (and your spawn) are simply more deserving of the good life because you’re the only ones who work hard

You seriously have issues. So a 26 yo is who has had a job since college graduation with a good company and is in the top 25% of employees is "not working hard"? Fact is most kids who grow up UMC+ do work hard.

Nobody who sits at a desk all day works hard. I’m sure they sit at that desk for many hours every day, but long hours =/= hard work. The mere fact that you think these cushy UMC desk jockey jobs are so arduous is evidence of your extreme (unearned) privilege. Thanks for proving my point.

If you don't want to do "physical labor" then you need to plan. But yes a desk job is good work. It's what happens when you get a college education most of the time.

Yes and that education (that your mommy and daddy or your trust fund paid for) that allows you to sit on your ass all day doing some bullshit job (while being paid obscene amounts of money) while the little people are *actually* doing the *actual* hard work that enables our society to function is part of your unearned privilege.

I don’t blame you for wanting the same for your children, it’s obviously an incredibly easy life, but I do want you to stop pretending you’re superior because you work so hard and planned so well. You don’t, and you didn’t. You were born on third base, just own it.

I grew up poor. I ate free lunch for over 4 years in school. I had to work for everything I got in life. Education was my pathway out of lower income lifestyle. I figured that out early and worked to ensure I'd get to college. Was valedictorian, graduated college with a 3.9 gpa all while double majoring and working part time.
So yeah don't think I was "born on third base". I was born outside the stadium, hoping to get in.

How is eating free lunch for four years and then going to college for free on Financial Aid working for everything you got?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well I hope these family freeloaders are generous to the people in the service industry that have to cut their nails, serve their food, and clean up behind them.

They’re almost certainly not. They view these people as fundamentally beneath them - because they have convinced themselves that, as the beneficiaries of generational wealth, they’re God’s chosen people and everyone else is a lesser being who exists to serve them.

I have seen this attitude in this area (and on this site) more times than I can count.

Not entirely true. I always tip extremely well (25-30%). During covid I paid my mani/pedi person every 2 months--I just dropped off $200. I paid my house cleaners for 15 months and never had them come to my house.

Lol and rich people who love to say how much they tip, are usually the ones driving huge SUV gas guzzlers that clog DC streets, take multiple overseas vacations polluting the planet, consume more than their share of crap fabricated by exploited workers, live in a huge wasteful house with a 100% grass garden that gets sprayed by the lawn guys, and think that buying a $5k handbag will somehow trickle down to benefit us normies. Get bent.

Other than traveling we do none of that. Live in a condo and rarely drive my EV because when you live in a city you can walk most places. And I have never spent more than $200 on a handbag. See some of us can be uhnw and not be flashy. But we will continue to ensure future generations can live life a bit more comfortably.
You can also do that if you make the choice--instead of being jealous and nasty about successful people put more of your efforts into bettering yourself. You will be much happier

Sorry, isn’t your argument that you DON’T think you’re fundamentally better than all of the peasants you so generously pay to serve you?

People like you ALWAYS tell on yourselves if you’re given the space to keep talking.

These people are all Republicans in disguise. They will continue to prop up the broken system because it benefits them. That thinly-disguised bootstrap rhetoric posted above gives it away.

[Anonymous]

[img]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well I hope these family freeloaders are generous to the people in the service industry that have to cut their nails, serve their food, and clean up behind them.

They’re almost certainly not. They view these people as fundamentally beneath them - because they have convinced themselves that, as the beneficiaries of generational wealth, they’re God’s chosen people and everyone else is a lesser being who exists to serve them.

I have seen this attitude in this area (and on this site) more times than I can count.

Not entirely true. I always tip extremely well (25-30%). During covid I paid my mani/pedi person every 2 months--I just dropped off $200. I paid my house cleaners for 15 months and never had them come to my house.

Lol and rich people who love to say how much they tip, are usually the ones driving huge SUV gas guzzlers that clog DC streets, take multiple overseas vacations polluting the planet, consume more than their share of crap fabricated by exploited workers, live in a huge wasteful house with a 100% grass garden that gets sprayed by the lawn guys, and think that buying a $5k handbag will somehow trickle down to benefit us normies. Get bent.

And poor uneducated people are voting for Trump against their own economic interests, while burning the whole country down.

[Anonymous]

Guys, the OP or whomever is responding here is clearly a lunatic.

[Anonymous]

Anonymous wrote:[img]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well I hope these family freeloaders are generous to the people in the service industry that have to cut their nails, serve their food, and clean up behind them.

They’re almost certainly not. They view these people as fundamentally beneath them - because they have convinced themselves that, as the beneficiaries of generational wealth, they’re God’s chosen people and everyone else is a lesser being who exists to serve them.

I have seen this attitude in this area (and on this site) more times than I can count.

Not entirely true. I always tip extremely well (25-30%). During covid I paid my mani/pedi person every 2 months--I just dropped off $200. I paid my house cleaners for 15 months and never had them come to my house.

Lol and rich people who love to say how much they tip, are usually the ones driving huge SUV gas guzzlers that clog DC streets, take multiple overseas vacations polluting the planet, consume more than their share of crap fabricated by exploited workers, live in a huge wasteful house with a 100% grass garden that gets sprayed by the lawn guys, and think that buying a $5k handbag will somehow trickle down to benefit us normies. Get bent.

And poor uneducated people are voting for Trump against their own economic interests, while burning the whole country down.

and lots of rich educated ones, which is more tragic

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm over 50 and have never met anyone like this. What kind of loser would accept money from parents/family? It's not that hard to just get a job and pay your bills in the US, assuming you didn't have kids before finishing college.

Millennials do all the time and see nothing wrong with it.

DP millennials are 35-40 years old. If they are living off the parents dole, then they are losers.

I am a millennial and made 1.1M last year. My parent's give me $36k a year because they are wealthy. $10k went to charity and the rest was saved for my daughter's college. I guess I am a loser.