Reply to What is it like to be a family at an elite NWDC Private who can just barely afford it?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At our school some of the families are extremely showy about their wealth.  Vacation discussions are the most overheard topic of conversation, luxury cars are the standard in the parking lot, and the kids frequently discuss how they have acquired the latest new toy, video game, big tv, etc. My DD comes home and says she is the only one without Uggs, Tory Burch, Vera Bradley, whatever to wear. Most kids have been to Europe, Hawaii, Costa Rica, Vail, the Caribbean, etc.  In fact, [b]families meet up in exotic locations frequently[/b]. I don't think its everyone but there is a contingent and it is pervasive.  [/quote]

No they do not. It is the perception, perhaps, but not reality. I do agree, however, that the girls in particular can be pretty materialistic about fashion brands. I think that the boys are a bit less concerned about it.

Also, please remember that some families are really showy, but don't have the money to back it up--or they are relying upon grandparents to fund their lifestyles. It's really hard to know for sure who has money and who doesn't because FA info isn't public (90% gossip). Sometimes the least showy have the most money, and those that are the most preoccupied with labels and show are the ones who are the most concerned about acquiring and holding onto wealth.[/quote]

Does it really matter where they get their money from or even if they're living a life solely on credit?
No, what matters is that they're spending and consuming.  Which can make it difficult for those kids/families who don't. [/quote]

Agree.  A lot of these families have grandparents paying for the school.  The kids are still taking great vacations and getting amazing Christmas presents and having big parties with the other kids from Cotillion and going skiing and hanging out at their beach house and seeing each other at the country club.  It sounds great but somewhat exhausting.[/quote]

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