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[quote=Anonymous][quote=Anonymous]I am an immigrant. I think many Americans don’t realize that times have changed and they are removing the much needed leg up from underneath their kids by refusing to pass on wealth.
There are so many immigrants who don’t have weird hang ups about bootstraps and provide their kids with debt free education, childcare, and debt free or minimum debt housing. Their kids are going to get ahead in the long run. 
What many American parents are doing isn’t just stupid on the individual level but almost like treason or almost some state level crime. 
[/quote]

I too am an immigrant. My community sees a lot of people leapfrogging into wealthy SES because their ACs combine resources with them and they buy mansions in expensive neighborhoods and live in multigenerational households. They don’t have to worry about elder care or childcare. They have security of more than 1 or 2 paychecks coming into the house.

No one passes the wealth when they die. The wealth is shared when people are alive and the wealth can be utilized for present and future goals.  Americans are being ghouls that are wanting their parents to die by living frugally and give them the money. But, they have zero desire to live with parents, take care of parents or include their parents in their life.  The culture is such that there is no joy iN the parents to give anything to their children and vice versa. You cannot sow Acacia tree and expect mangoes. [/quote]

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