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Money and Finances
Reply to "NYT: 30 somethings still being bankrolled by their parents"
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[quote=Anonymous][quote=Anonymous]I read that this is how the rich get richer and the poor poorer. The rich pass along their money to their kids when the kids need it the most- 18-35. They pay for college, downpayments and help with childcare expenses. Then when their kids are older they don't need help as much because those expenses are gone. The poor only pass along money at death, often to kids who are retired themselves (60+). [/quote] Agreed, and through assortative mating, the children of the rich tend to marry other children of rich parents, which is another factor that exacerbates the gap between rich and poor.[/quote]
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