Reply to How many 55yo that you know in DMV have $3M+ NW?

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Reply to "How many 55yo that you know in DMV have $3M+ NW?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I feel like the real question is what percentage of these people got here actually on their own.  [b]Meaning their parents or other family member didn't pay for their college[/b], didn't give annual gifts, didn't buy them a car, didn't inherit.  I bet it is just a handful.  [/quote]

You want to see people whose parents weren't able to contribute a single cent to them post-18? At this point, just ask for people who were grew up in an orphanage.[/quote]

Most people posting on DCUM had their parents help some with college, as should be expected if you are MC+.  Even my own LMC parents "helped" some with college.  I paid as much as them plus took the Fed loans (came out with ~$12K for my 5 years of undergrad---2 degrees) But they "helped"

[/quote]

I don't think that's true.[/quote]

I do.  My parents paid for my undergrad. DH's parents didn't help him, but they were poor enough that he got a full ride between need, sports, and merit aid.  If think if your income is high enough to disqualify your kids' from need-based aid, then you have an obligation to fund their college.[/quote]

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