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General Parenting Discussion
Reply to "What is a greater leg up? "
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[quote=Anonymous][quote=Anonymous]500k isn’t really that much nowadays, esp in HCOL areas. I am not sure what you mean by leg up. I think the smarter academically athletic kid would do better than the UMC mediocre kid. Private schools are full of mediocre rich kids.[/quote] Sure if you get someone who is smart and athletic plus comes from a UMC family you are winning the jackpot. But a smart academically athletic kid from a poor family will not do better than a mediocre kid whose parents make $500K and up per year who can afford to supplement their life as they age (cars, college, weddings, first houses, etc). Not having debt as an adult has to be the biggest advantage one can have. [/quote]
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