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College and University Discussion
Reply to "Downward social mobility - anyone worries about it?"
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[quote=Anonymous][quote=Anonymous]If you give to your DC's the best education in the world and they still can't succeed, an inheritance isn't going to make any difference (unless you have Elon Musk money). [/quote] Pretty sure that you are wrong on that one. We're quite wealthy and my kids should inherit Trusts worth $40 million or so each when we pass. They won't get access to principle and they have access control restrictions to control spending but they will live very good lives in most any case. Their children will as well. Generational wealth changes the game even if it is modest by the standards of the wealthy.[/quote]
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