Reply to Generational wealth. What's behind the obsession?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

Estimates indicate a 12-percentage point drop in the number of 18-year-olds entering college from 2025 to 2030.

Let that sink in.

I believe in Japan more adult diapers are sold than baby diapers.

By 2050 births will probably come to a halt in the US.

Yes people should absolutely build generational wealth, but do keep in mind that YOU are probably not even going to have grandchildren.[/quote]

Though I guess it could be more likely with generational wealth - kids won't have to stress about how to financially support a family! [/quote]

The uncomfortable question though is do they really want to be married and build a family? I'm just not sure.  [/quote]

This is a problem in rich countries that has a substantially high population of a middle class and some life style requirements which emphasises individualism. They believe that anything that does not fall within that paradigm is a grave injustice or "socialism".

Countries that have a more communal way of living (multi-generational joint families) and immigrants from those kinds of cultural backgrounds are actually using that blue-print (multi-gen households, pooled resources) in the US to safeguard against issues of unaffordable homes, eldercare, childcare, job losses etc.

These groups will continue to build a family because that is a part of the family's calculus.  I find it horrifying when families have single children in their late 30s-40s who are not yet married and have their own kids - and everyone in the family is unbothered.  [i]Oh, so and so is a "pet parent". [/i] Bloody hell!! [/quote]

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