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][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]

Yes, but you do have a fair number of people who have family either paying for/contributing to school costs and helping with large downpayments/housing. [/quote]

It’s common my parents paid for school and gave me 200k to buy a house. [/quote]

Lucky you! I didn’t know that parents helped with down payments until I was in my late 20s and saw it happening for friends.

My spouse and I are high earners and this is definitely one of our financial goals. Giving our kids no school debt + a down payment is such a head start in life. [/quote]

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