Reply to Downward social mobility - anyone worries about it?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you give to your DC's the best education in the world and they still can't succeed, an inheritance isn't going to make any difference (unless you have Elon Musk money).  [/quote]

Hmm... but being born into relative wealth and connections has been shown to be a major contributor to retaining class status (class in this context meaning same income bracket and general social circle). If you sense your kid isn't making those connections themselves, then you certainly can step in and try to help them. This is what families have been doing for ever.

One of my kids as an asocial form of high-functioning autism. He's smart, but cannot make small talk or network to save his life. I'm not quite sure where he's going to end up, but I certainly hope our money will keep him from poverty.

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I don’t think a lot of you understand that young people don’t necessarily want their parents lifestyle, income level, and especially social circle.   You should be hoping they make connections that suit them, not someone striving to be in a social circle like mom’s (this sounds horribly depressing).

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They may not want the same things, true. But they struggle mightily with reduced lifestyle/spending power when it hits.[/quote]

I totally struggled with this.  Married after my PhD and DH wanted me to stay home and had kids right away.  He was a researcher at NASA, so not exactly poor. But I’m from a more UMC background and was used to having more disposable income.  Nine months later I got a really good job at a top corporate company (over 100k starting 25 years ago).  I also pushed DH to leave NASA and enter the corporate world.  We made a ton more money had kids and later in our careers had to fight multiple rounds of layoffs.  Corporate companies really try to push out older people who are grandfathered in with pensions and 401k.  Point is - kids WILL want the life they grew up with eventually.  It’s uncomfortable to live anything else.  FWIW my brother married into extreme wealth and is uncomfortable with many elements of his wife’s family due to their wealth - I think he would prefer her to be UMC like him - completely different mindset [/quote]

A family member who grew up wealthy is engaged to a man from a very wealthy family. She’s not loving that aspect. She’d rather he not come from that kind of money. [/quote]

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