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Money and Finances
Reply to "Does wealth beget Wealth?"
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[quote=Anonymous]I think first gen wealth is the hardest to achieve -- i.e. going from blue collar to having a child become a doctor; lawyer etc. In large part it is bc while a high school educated parent may want the best for his/her kid, he can't help navigate the college process, SATs, choosing a lucrative field -- the same way that 2 ivy league parents can; with the internet it's gotten easier, but often a lot of it falls on the kid's own shoulders. Plus there's the finances of it, even if the kid can navigate the process, likely he/she will have loans while the kid of 2 lawyers may end up going to med school with little/no debt and thus starting out that much further ahead financially. But I think change is generational, once one generation gets the degrees, the job titles etc. and marries someone with the same credentials, it is that much easier for them to get their kid to a higher spot and so on.[/quote]
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