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Reply to "NYT: 30 somethings still being bankrolled by their parents"
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[quote=Anonymous]I’m an old millennial (37). My parents paid for my undergrad, started 529s for each of my two kids ($5000 initial investment + $50 each month), and gave us $25k at one point because my sibling needed money and they wanted to treat me equally. I don’t feel bad about it. It’s their money. They worked trade and retail jobs but were frugal and savvy investors who retired as millionaires. The biggest piece is obviously paying for college. I feel like that alone has given me such a huge leg up and I plan to do whatever I can to make sure my kids have the same advantage. There’s such a “pull yourself up by your bootstraps” mentality in this country, but the deck has been stacked for the wealthy for generations and generations so I don’t know why people are in a twist over it now when the middle class boomers are able to do similarly for their kids. [/quote]
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