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Reply to "Common occupations for heirs and those financed by the bank of Mom and Dad"
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[quote=Anonymous][quote=Anonymous]I'm 18:41 above -- Lawyers and MDs don't make enough to set up trust funds. Their kids don't have student loans. They get a chunk of cash for a down payment, and their parents contribute to college savings for their grandchildren. But that's not the kind of wealth that allows for a trust fund. That said, though, I disagree with the PP above who said trust fund babies never go into law or medicine. I have college and law school classmates who did exactly that. Though the lawyers dont' go to BigLaw -- they clerk and then do public interest law. [/quote] That's certainly not true. It's not just the "plutocrats" who set up trust funds, plenty of wealthy professionals (i.e. top 1 or 2%) do as well. It's not like only people in the top 0.1% that have trust funds. [/quote]
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