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Reply to "Are you honest with your teen(s) about what it takes to maintain their current lifestyle? "
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[quote=Anonymous][quote=Anonymous]There’s a lot of downward mobility that’s happening and will happen this decade and next — How honest are you with your teens about what it takes to maintain the lifestyle they are receiving right now? Specifically fams that are educated and work professional jobs but not leaving 10+ million in assets to your children [/quote] Yes. We’re middle class. However, DH and I both grew up truly poor. My two youngest are excellent students, but don’t want to attend four year schools or get grad degrees. We tell them all the time that they are free to pick a trade or open a business, but they may need to adopt more modest expectations and prepare for income instability. DD is a minimalist, but has health issues that are expensive to manage. DS consumes a lot of pricey art supplies. I am transparent about what it costs to keep them healthy and happy. They’re 17 so it’s a hard age to be a pragmatist.[/quote]
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