Reply to Downward social mobility - anyone worries about it?

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[quote=Anonymous][quote=Anonymous]OP,

I was born into a European aristocratic family.  My forefathers were ennobled in the 10th century. The family tree, as currently researched, stretches out for more than a thousand years.

Were all my ancestors happy and comfortable? Of course not. My family line survived countless European wars. Many ancestors killed and were killed, some in political or religious wars, others in assassinations (so rivals could inherit title and castles). Some generations were rich, some were poor.

The point is to survive, and hopefully do so while knowing your place in the world, and who came before you. It doesn't matter if your child is less well-off than you. Perhaps a distant descendant will research the family tree and find you, and know you were one of the contributors to their existence, comfort and happiness.

Take the long view.

[/quote]

I agree- I am asian but my family history goes back centuries, from what  I know of  our family history-  they survived wars, border changes.. colonization and then its dismantlement etc etc BUT we always end up ok,  money comes and goes but your values and sense of self and how you interact with the world should stay the same.  Maybe my grandmother was able to give solid gold coins away to ppl and I certainly cant but I can donate to my local food pantry and volunteer.   what your family values and how it lives those values should stay the same and you should rest easy knowing that mostly those who do well.. end up creating enough of a cushion that their progeny can survive changes.  Due to the end of the British empire- my father ended  up going to university on scholarship but we are the only ones who know that if he hadn't gotten it- he would've struggled to pay, my grandparents were that stretched- but he ended up very financially successful. you have to teach your kids how to manage their money, belongings and how to live in a way that gives them joy and embodies their values. I think that most families revert to the mean over time despite setbacks or even extraordinary success.  [/quote]

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