I’ve observed that truly affluent families are blasé about where their kids go to college

[Anonymous]

Anonymous wrote:

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Anonymous wrote:Also those are not the 'truly affluent'.

+1 can you imagine the ‘truly affluent’ sending their kid to Alabama. Op, the ‘truly affluent’ have very likely never been within 1,000 miles of Alabama

The E coast lives in such a bubble. Yes, people in the south have money. Lots of it. And kids of high millionaires and billionaires go to schools across the south, UT, LSU, Ole Miss, SMU, and even Alabama.

I don’t think that you know what you’re talking about, PP

+1. I briefly attended a SEC school and lots of kids came from old money. They all had their little network from either attending some elite (to them) southern private HS or a public school in a "rich" neighborhood and were in the "top" sororities/fraternities together. They dated and hooked up within that network and were generally gorgeous.

TCU, SMU, Tulane aren’t cheap. Lots of money at those schools. Also people from those areas don’t want to come to the East Coast. They don’t really like it here.

[Anonymous]

Recently learned that 10% of students at College Of Charleston are from families in the top 1% of income nationally. That is the highest percentage at any public school and probably higher than a lot of private schools.

[Anonymous]

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Anonymous wrote:It’s easier to be rich in the south: low taxes and $1 million buys you a giant, nice house instead of a 2 bedroom $hitshack. But money doesn’t matter as much as who you’re related to.

Yeah, that’s the catch. You can’t buy your way into these circles. It matters which high school you went to, who your dad is, which country club your family belongs to.

Fascinating, isn't it? There are places like this all over the country. And DC is full of people who didn't fit in where they grew up, so they came here to start over.

Dude, if you think DC doesn’t have generational wealth, you’re clearly not in those circles. DC is not the land of kids without family connections picking themselves up by their bootstraps. The very notion is hilarious

And you could go to any major city in the US to find professionals who aren’t uber wealthy making it. In fact, it’s arguably easier to go from nothing to something in LCOL markets. That’s not DC

DC is absolutely more meritocratic than places where the interviewer was your high school bully or where you’re the only person of your race or ethnicity.

You need to get out of your bubble. Tx, eg, has 30 million people. You don’t run into your HS bully places. It also is a minority majority state — which means white are in the minority.
The problem w DC is the arrogance, and how little you know about the rest of the country. GET.OUT.MORE

Absolutely. I was in Dallas recently, and the most striking thing was how diverse the people around me were. Black, Hispanic, White, Asian…. Whether it was a hip, expensive restaurant or a diner. The population of DC is “diverse” but they don’t live together the way they do in large Texas cities. People are working and getting ahead and going out and having fun.

And perhaps the only place in the US that has more “nepo babies” than DC is Hollywood.

It’s crazy to me how arrogant DC is about diversity and equal opportunity yet has significantly less of it than other states that it likes to bash.

East coast rich acts no different than southern rich. They just won’t admit it. Check the college, money and private school boards. They’re obsessed with prestige, reputation, and bragging rts over name recognition. Plus, DC is arguably ground zero for nepotism in this country

The hypocrisy and arrogance are why Americans hate this place so much

[Anonymous]

My husband is c suite and went to an HYPS.

our kids are really good students at a top private

And he is the first person to say, it doesn't matter where you went to undergrad. He interacts with a wide range of smart, successful people, and he is usually the only one with an Ivy degree. It doesn't matter where you go, it matters what you do with it.

"Successful" (however you define this?) and rich people know this, which is why they spend less time worrying about unobtainable spots in pressure cooker schools and more time networking with their kids and teaching them important life lessons.

[Anonymous]

Money can't buy you class.

[Anonymous]

I hope my kids don’t end up in college with any of you crazy peoples’ anxiety ridden kids. If that means they end up in Alabama, so be it.

[Anonymous]

Not really understanding the definition of "truly affluent".

If you look at where the children of the Top 100 richest American families attend, it is certainly clustered in Top 20 colleges. More so among the families where the person actually was the one to get themselves into the Top 100 (think Bill Gates or Stephen Schwartzman from Blackstone) vs. people in this group that inherited the wealth (think of the Waltons from Wal Mart).

I guess I just don't understand the premise.

[Anonymous]

Anonymous wrote:Not really understanding the definition of "truly affluent".

If you look at where the children of the Top 100 richest American families attend, it is certainly clustered in Top 20 colleges. More so among the families where the person actually was the one to get themselves into the Top 100 (think Bill Gates or Stephen Schwartzman from Blackstone) vs. people in this group that inherited the wealth (think of the Waltons from Wal Mart).

I guess I just don't understand the premise.

I think she just means families with net worth in high millions (100+) as opposed to only 10M or so as we see often here.
There are more families like that than just the household names that you mentioned

[Anonymous]

Anonymous wrote:I hope my kids don’t end up in college with any of you crazy peoples’ anxiety ridden kids. If that means they end up in Alabama, so be it.

Same

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not really understanding the definition of "truly affluent".

If you look at where the children of the Top 100 richest American families attend, it is certainly clustered in Top 20 colleges. More so among the families where the person actually was the one to get themselves into the Top 100 (think Bill Gates or Stephen Schwartzman from Blackstone) vs. people in this group that inherited the wealth (think of the Waltons from Wal Mart).

I guess I just don't understand the premise.

I think she just means families with net worth in high millions (100+) as opposed to only 10M or so as we see often here.
There are more families like that than just the household names that you mentioned

Maybe, except I doubt sports hosts fall into the $100MM+ category. Maybe OP means HNW professional athletes? Their children tend to also be great athletes as well, so of course makes sense they are attending an SEC powerhouse or equivalent...but they are not blase about that...just their Top 20 would be based on the sport vs. USNews Top 20 academic rankings.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Also those are not the 'truly affluent'.

+1 can you imagine the ‘truly affluent’ sending their kid to Alabama. Op, the ‘truly affluent’ have very likely never been within 1,000 miles of Alabama

The E coast lives in such a bubble. Yes, people in the south have money. Lots of it. And kids of high millionaires and billionaires go to schools across the south, UT, LSU, Ole Miss, SMU, and even Alabama.

I don’t think that you know what you’re talking about, PP

The Chrisleys come to mind.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s easier to be rich in the south: low taxes and $1 million buys you a giant, nice house instead of a 2 bedroom $hitshack. But money doesn’t matter as much as who you’re related to.

Yeah, that’s the catch. You can’t buy your way into these circles. It matters which high school you went to, who your dad is, which country club your family belongs to.

Fascinating, isn't it? There are places like this all over the country. And DC is full of people who didn't fit in where they grew up, so they came here to start over.

I feel like you’ve never walked the halls of the Capitol and seen the interns and young staffers there. Or been in any Republican administration.

If you really knew any Hill staff you’d know that the real trust fund babies are on the D side. And non-profits.

I wasn't referring to trust funds but rather nonmisfits/conformers.

[Anonymous]

This post is actually really triggering me. I grew up in these circles in Texas and went to the right school, camp, college and sorority and never felt like I really fit in with any of it - especially because the guys seemed so spoiled and vapid - and as an adult I have purposefully avoided that scene with my own kids. Now I kind of regret doing that because I see the ease in which these kids can float through life on their connections if they so choose. Not that my kids have any real hardships at all - we have plenty of money and very supportive and close families - but there is something comforting about that social bubble. I wanted to raise my kids outside of it for a reason but now that they are entering college I can see how it would be useful.

[Anonymous]

You cannot buy or earn you way into social acceptance in Richmond, Charleston, etc.

[Anonymous]

I inherited a ton of money and I don’t care about any of this, at all. I think it’s weird that people on dcum are so fixated.