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Reply to "Do you feel comfortable approaching your parents for help with large expenses?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Unless we were at risk of starving, I would never ask my parents for money. Adults pay their own way. [/quote] This. I’m d sell my house, get my family into a studio if necessary. My parents have done enough. I’d never ask. [/quote] Good for you. But, you'll be perennially in the worker bee class. Real wealth is generational wealth (Something we'll never have). I see my friends whose parents paid off homes, paid for vacations, paid for home repairs, paid for college . . . and it's why they are so much more ahead than we are. We pay for all those things ourselves. When they're investing their "Free money" we are paying off our home. I mean, that's great for them. But, I would not hesitate to turn down the offer of money if given. Sadly, it never will be. [/quote] Exactly. grandparents pay for down payments! It blows my mind how people do this when they don't make much money. Meanwhile DH and I work our tails off and are fine now, and hopefully our kids will be better off than us, but we have had zero help because our parents were not wealthy[/quote] You are really overestimating the number of people who benefit from this. WAY overestimating. Look at any data on generational wealth.[/quote]
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