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Reply to "It’s extremely hard to raise kids in a nice neighborhood without generational wealth "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is the generational wealth canard passé yet? What will be the next excuse of the envious and lazy?[/quote] I used to not even think about it and assumed everyone rich got that way from working. But then I met several actual trust fund babies around here and my perspective changed. [/quote] People living on trust funds are very much a minority. You could also point to lottery winners with as much relevance. [/quote] There are people without trust funds who simply get tons of money from their parents and rely on them to fund their lifestyle. It’s actually very common because there’s a lot of rich people out there. There are over 2 million American families with 8 figure net worths, if even 10% help their kids you have 200,000 rich kids with huge financial handouts concentrated in major metro areas. It’s probably more like 30-50% are helping their kids and some have way more than 8 figures net worth [/quote]
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