Why do so many of you NW adults have Trust Funds or get parental help?

[Anonymous]

Anonymous wrote:So many highly educated adults in this part of town still getting handouts from their parents, driving up the price of real estate.

Are you suggesting that they should turn down the money, so that you can afford to live there?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't think it's other people's business. I'm not a trust fund baby, but my parents and in-laws give us a nice check every year, plus smaller checks here and there. We don't need it (BigLaw) but it's nice.

Why is it "nice"? If you don't need it, why accept money you don't need?

I'd never accept money from my in-laws. It always comes with strings attached.

I do have an issue with trust fund babies looking down on those less fortunate. I don't know why inherited wealth gives them a feeling of superiority, but it does. I have relatives in upper NW who inherited a LOT of money (on both sides) and are extremely snotty and condescending. I don't get it. What did they do to deserve their nice house, nice vacations, nice summer house, private schools, country clubs, what?? They work, yes, but make very little at their jobs (social worker and p.r. for a non-profit). I don't mind them having all this money and spending it, but I do mind the condescending attitude.

This doesn't add up. Inherited money, snobby, yet working in social work/ non profits? Sounds like they're doing something for society and not just sitting back. And you sound like a jealous, bitter shrew.

[Anonymous]

Anonymous wrote:I don't live in NW, but my parents died young and left me their money. What would you suggest I do?

Then why are you posting?

duh

[Anonymous]

Anonymous wrote:

Anonymous wrote:So many highly educated adults in this part of town still getting handouts from their parents, driving up the price of real estate.

Are you suggesting that they should turn down the money, so that you can afford to live there?

Not the OP - But as one who grew up with money, I have taken NOTHING from my parents as a married adult with kids. Did they help with college? yes! private school? yes!

But once I graduated and lived on my own, I took nothing from them.

It's THEIR goddamn money, and don't think they haven't offered.

But Good Fucking Lord - so many of you are leeches. Grow the hell up.

[Anonymous]

Anonymous wrote:Wow. Jealous much???

, commented the leech who can't survive on her own w/o money from Mommy and Daddy.

[Anonymous]

they do it b/c they can and it makes them happy, and it makes my husband and i happy too. my parent's attitude is that they rather help us now when they're around than help us when they're dead.

[Anonymous]

Poors coming out of the woodwork in this thread. Wife and I are both doctors and my parents pay for our nanny so that we don't send our child to daycare. They do it bc they have the money and it's a way they choose to spend it.

We live in MoCo inside the beltway- 20815

[Anonymous]

Anonymous wrote:they do it b/c they can and it makes them happy, and it makes my husband and i happy too. my parent's attitude is that they rather help us now when they're around than help us when they're dead.

You better hope they don't become ill - or if they do, have good long term health insurance - or they'll suck you dry of THEIR money.

[Anonymous]

First step in getting rich, be rich from rich parents

[Anonymous]

Anonymous wrote:You are just jealous but you don't realize it. You disguise it by saying you are so proud to be independent or whatever else.

I take gifts from my parents because 1) they offer 2) they can afford it. Why would I decline? That would be dumb. "I am so proud, I will turn down this down payment and save for 20 years myself. I hope inflation doesn't hit". Ummm no. "Trips for my kids?!? Absolutely not!!"

But I also don't discuss it with nosy little twits who have nothing better to do than to count my funds.

Because there is something to be said for earning it yourself and being truly independent. My parents paid for most of my college and graduate education, but there came a point when I realized that I wanted to do it myself and stopped taking their help. I was 22. I took on student loans. One of the best decisions I ever made. I only wish I realized it sooner.

[Anonymous]

My DH's grandfather had a trust that was passed to us and my DH's siblings when he died. We generally get quarterly payments from it depending upon how the investment is doing. While we don't count on it, it has been great over the years and allowed us to do some home remodeling, or vacations that we might not have done otherwise.

[Anonymous]

Anonymous wrote:Poors coming out of the woodwork in this thread. Wife and I are both doctors and my parents pay for our nanny so that we don't send our child to daycare. They do it bc they have the money and it's a way they choose to spend it.

We live in MoCo inside the beltway- 20815

You are absolutely disgusting "humans."

You make me sick. this shit coming from people who claim to help those who are suffering

Hopefully, you're both plastic surgeons working with others just as vapid as you and your spouse are.

just disgusting

[Anonymous]

Anonymous wrote:I don't think it's other people's business. I'm not a trust fund baby, but my parents and in-laws give us a nice check every year, plus smaller checks here and there. We don't need it (BigLaw) but it's nice.

Maybe I am completely naive, but I am surprised that this is a widespread practice and perhaps even more surprised that people take it. I cannot imagine taking any money from my parents, regardless of how well off they are.

[Anonymous]

Anonymous wrote:First step in getting rich, be rich from rich parents

If you got a business you didn't build that...

[Anonymous]

Anonymous wrote:So many highly educated adults in this part of town still getting handouts from their parents, driving up the price of real estate.

Chicken and the egg? It's an expensive area and the people who can afford to live there have money (wealth, not necessarily income). What's the number one way to be wealthy? Have wealthy parents. What do wealthy parents do? They transfer wealth to their children.

Is it more complex than that? I don't see it as some evil plot, just they way families and wealth have been since forever.