Reply to Ivy League grad, still renting an apt. age 70

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. I live in New England. The apartment is three blocks from my parents old house. I am single, no children. My only sister is divorced and struggled to raise two kids and I helped her. She inherited same amount plus a life estate (her sons will inherit) on the house she lives in now. She was SAHM and used a lot of her money to give private school and college degrees. She worries about her own retirement so I have helped along the years, seeing that she is my only family.[/quote]

Whole situation sounds like a shabby genteel mess. You were all over privileged and failed to launch.[/quote]

Don't project. OP could easily have been a child of immigrants and a first gen college grad. Many kids who went to Ivy Leagues, even 50 years ago, were on financial aid and first gen or from working class families. That he never bought a house indicates to me he's not from a cushy privileged background because that's something affluent people really push their children to do early on and provide the support needed.

OP should talk to various local government agencies that specialize in helping elderly people. Assisted housing programs do exist. [/quote]

You’re right it *could* be he’s a first generation immigrant but something about the post makes me think he’s not and is actually a WASP. Tbh there weren’t too many first generation immigrants at Ivy League colleges 55 years ago.[/quote]

There were always working class children of immigrants at the Ivies. Then in the 60s-70s the schools became much more meritocratic with large intakes of Jewish students from working to lower middle class Jewish families. 55 years ago is both not that long ago and a long time ago.

The size of OP's inheritance suggest he or she inherited from parents who were frugal and tried to push their children to do better and the comment about parents pushing OP to go to medical school is a good clue. OP also didn't get lessons about financial management and making long term planning for life either, which is not typical for children from affluent families. [/quote]

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