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[quote=Anonymous]I think my SIL falls into this category. ILs are educated and socially maybe part of a higher class than they are financially. This is entirely due to really dumb financial decisions by FIL, though they are still pretty well-off overall, and unless they need institutional care toward the end of their lives they will likely leave us a close-to seven figure inheritance.

DH and SIL both had college paid by ILs, and SIL also had grad school paid by them. SIL and BIL are both well-educated (advanced degrees), but their chosen careers don't pay that well and they have further made financial and career decisions that limit their income. There is a very good chance they will not be able to even pay in-state college tuition for their kids.

I don't know how it effects them day-to-day. BIL is from a less wealthy family, so for him it's not likely a difference to how he grew up. SIL has been talking about her kids going into a trade instead of to college, which I think is a respectable life choice but very much represents a decline in social class. I think MIL worries more than SIL about this, and I strongly suspect ILs will pay for niece and nephew to go to college when the time comes.[/quote]

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