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Money and Finances
Reply to "Generational wealth. What's behind the obsession?"
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[quote=Anonymous][quote=Anonymous]Have you guys seen the current fertility rate and it's trend lol? Many of you will be lucky if your kids have kids. Many don't want to.[/quote] This. Parents have to provide some of the financial scaffolding if they want grandkids. Here is the rub. The only people who are impacted by AI and cost of living are people who are in advanced economies - and they are the ones who cannot afford a home, healthcare, kids, college. And in such economies, it requires decades of education of children, before they can start earning money. People around the world who are living in poverty, and who are uneducated, part of agrarian subsistence economies - these people will continue living in huts, having kids and keeping them illiterate and not sweating it. In such economies, the kid is earning at least some scraps to eat by working somewhere for pennies from the time they are 8-9 years old. So parents on DCUM who are talking about "grit and resilience" are not building fortitude in their children by their "sink or swim" philosophy and by not providing economic support. This is not delegation of duties to children, instead, it is dereliction of duty by the parents. [/quote]
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