Reply to Do you worry about your kids being able to maintain your current lifestyle?

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[quote=Anonymous]One thing that’s different for us: my and DH parents had kids young per the norm.  DH family was poor, though not food insecure. My family was poor ‘by choice’ for about 4 years when my own dad went back to school after me and my siblings were born- we were on free lunch in elementary school, for example.  So we lived through our parents financial struggles- but they all emerged to solidly middle class and even wealthy (my dad went on to medical school) by the time we were in high school.  Those years were formative.   By contrast, DH and I had kids in our late 30’s/early 40’s and we were both aggressive savers, investors and focused on career. So our kids only have the experience that we had with our parents when we were nearly adults.  They’re not seeing the early trade offs and sacrifices.

That said, though they live in a nicer house than either of us grew up in, we’ve skipped the fancy vacations so far, we don’t have a housekeeper because they need to learn to take care of their space and see us doing it too.  We drive modest cars. And we talk with them in age appropriate ways about budgeting.  They don’t get everything they want.  We’ve shown them the neighborhoods we grew up in, etc etc.  still not the same and it will be interesting to see the choices they make as young adults.  We will do our best to make sure they emerge from higher education with little to no debt.  And will have money to help (not entirely replace) a down payment on a house. Thats how we plan to support their standard of living.  This assumes that we’re not all living in a dystopian Mad Max hellscape in 10-15 years…[/quote]

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