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[quote=Anonymous]I am not rich but I grew up with rich people. From my observations:

1. They spent very little on designer goods. No Tory Burch flats for their dds or no Chanel quilted purses for the dw. DWs wear basic lbd from Brooks Brothers and Ann Taylor Loft; kids in LLBean hand me downs from cousins and friends. As they get older the kids do not deck head to toe in a try hard Vineyard Vines preppy style. They instead wear more boho chic labels and wear no make up and are "horse girls". The boys are super nerdy and become engineers or investment bankers etc.

2. Money is spent on experiences. Riding lessons for the girls, hockey equipment for the boys etc. Cotillion registration, ballet lessons etc. When they're older, high school graduation gift is a trip to Europe. In college, every semester is ended with trips to Europe or service trips to South America or Africa.  In college, these girls also join the top tier sororities and they do become momentarily flashy; decked in Lily Pulitzer and Jack Rogers to emulate their sisters.

3. They always have a beach house in Florida or some place where the whole family gathers for easy last minute vacations.  Adult children will move out and into an apartment in Georgetown owned by parents.
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