Reply to Do you worry about your kids being able to maintain your current lifestyle?

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[quote=Anonymous][quote=Anonymous]You should be. Most of my acquaintances in the DC area are very downwardly mobile. Yet extremely comfortable as they are subsidized by their rich and UMC families.

You should be telling the kids immediately not to expect a dime beyond schooling or whatever. Otherwise they will observe their other rich friends be supported indefinitely by their families and expect the same from you.

FWIW I grew up LMC in the rural south and knowing that my parents weren’t planning to give me any money really helped me understand that I had to make my own money in life. [/quote]

Me too pp.

I grew up middle class on the south, but my parents grew up poor and I knew that after graduation I was on my own to support myself except for the rare emergency. Paid for college was the end of it. And this attitude was extremely helpful in encouraging me to live a sustainable lifestyle and save money.

The old friends who stayed in our area and were subsidized by their middle class parents are now middle age, parents have passed away or are needy now, and the old friends can no longer support their lifestyle. [/quote]

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