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Reply to "What percentage of the population do you think has a trust fund?"
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[quote=Anonymous][quote=Anonymous]If the median is about a quarter mil, these aren't life changing amounts for many.[/quote] Yeah really. That'll cover college and that's it. Or maybe a down payment on a nice house in the burbs with good public schools. But you're on the hook for everything else, which is a LOT if you want to live the UMC professional life near a coastal city. When I hear "trust fund": I think of people who have like 20 million and are set for life as long as they don't do anything stupid with the money. I don't think of 250k. My 12 yo has 250k in a 529 that we're continuing to add to.[/quote]
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