If you went to top schools but your kids are attending a lower tier, are you worried about downward mobility?

[Anonymous]

How many of us had a single income family growing up and now live in a dual income family just to have the same standard of living and financial security?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Strange question. I know Clemson grads who are living very well. It’s not the school- it’s the person that ultimately determines the outcome.

As a percentage of the graduating class, let’s be realistic

This is dcum

Not Reddit SEC

It's fair to say that a high percentage of Clemson grads are living very well. Why on earth would anyone think they are not?

[Anonymous]

My Clemson grad Gen x friend is doing jussst fine, making more than me with my graduate degree.

[Anonymous]

One - they have your wealth as a kick starter so they are ahead in that race

Two - I sure hope you don't let them know you are disappointed that they aren't attending the same tier of school that you did.

Three - life and success will be what they make of it - you don't have to have T20 to be successful

[Anonymous]

All top 100 schools seem to have affluent students and affluent students stick together. Your kid will be fine lol.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you define success as net worth, then the most successful person I know attended Radford. My friends who went to the Ivys are college professors now.

I would love to be a professor in a college town. Sounds like a dream.

You won’t be a professor today unless you are a woman or minority.

Are aggressively anti-DEI states like Florida getting out of the higher education game all together?

[Anonymous]

Anonymous wrote:How many of us had a single income family growing up and now live in a dual income family just to have the same standard of living and financial security?

100% this. Our kids may have a harder time maintaining a standard of living, but it won't be because they attended a lower tier school.

[Anonymous]

Anonymous wrote:I don’t live in the DC area, but where I am, it seems like it almost a flex for the wealthiest families to not really care where their kids go to school. They just want them to have fun, play their sport, whatever. They know their kids are taken care of, they don’t need to grind away with the climbers and strivers.

+1000

I have lived in cities across the U.S. and this is what I have seen on the west coast, midwest and southeast. It is really more of a flex to go to a top 10/ivy for highly educated cities like DC and Boston. Outside of those, nobody really cares.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you define success as net worth, then the most successful person I know attended Radford. My friends who went to the Ivys are college professors now.

I would love to be a professor in a college town. Sounds like a dream.

With two, their HHI is around $400-500k. Not bad. And a great job to raise children.

Um no.

Yeah, absolutely not.

[Anonymous]

I went to an ivy for college. I worked for a CEO who went to Penn state for college. My strongest direct report went to ASU for college.

Your undergrad really doesn't seem to matter that much in the long run.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you define success as net worth, then the most successful person I know attended Radford. My friends who went to the Ivys are college professors now.

I would love to be a professor in a college town. Sounds like a dream.

You won’t be a professor today unless you are a woman or minority.

Are aggressively anti-DEI states like Florida getting out of the higher education game all together?

The problem, from the anti-DEI point of view, is that tenured professors control hiring and promotion, and they are going to keep hiring women and minorities (along with the occasional white male progressive) whether the governor of the state likes it or not. Therefore, if you get rid of any university employees or departments that actually have "diversity" in their title, you have only scraped off the surface layer of the ideological rot.

[Anonymous]

Generational wealth > than getting into an ivy plus and working your way up.

If you already have money/resources to pass down to your kid, they're already set and have less to prove. Our kids are at a private outside DMV, and the parents who are least focused on prestige are the wealthier families who have money and homes to pass down and know the kids will be alright since they've been already going to great schools since K-12, making great connections and friendships with well-connected families, and going to a middle of the road LAC or private uni is fine.

[Anonymous]

My kid is at an expensive boarding school, so obviously there is selection bias there. We also have a summer home in a wealthy east coast town. The vast majority who are very wealthy, care very much about what school their child attends. It’s not accurate to make these generalizations that very wealthy people don’t care. Unless, it is just an east coast thing.

[Anonymous]

Anonymous wrote:My kid is at an expensive boarding school, so obviously there is selection bias there. We also have a summer home in a wealthy east coast town. The vast majority who are very wealthy, care very much about what school their child attends. It’s not accurate to make these generalizations that very wealthy people don’t care. Unless, it is just an east coast thing.

The stories about very wealthy people paying outlandish sums to college counselors and donating huge amounts of money clearly shows that very wealthy people do care where their kids go to college.

[Anonymous]

I worry about this, OP.

I was able to move from lower income family to upper because of two things: 1. my hard work and successful career from a regular college, and 2. I married an UMC man. His family provided the *early* boost to create the type of lifestyle my children have ultimately become accustomed. My DH graduated with no college loans, they provided the downpayment on our first house, they have never been a financial drain on us as. Just takes one marriage to a person who is a financial drag to make life difficult.