Reply to NYT: 30 somethings still being bankrolled by their parents

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m an old millennial (37). My parents paid for my undergrad, started 529s for each of my two kids ($5000 initial investment + $50 each month), and gave us $25k at one point because my sibling needed money and they wanted to treat me equally. I don’t feel bad about it. It’s their money. [b]They worked trade and retail jobs but were frugal and savvy investors who retired as millionaires.
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The biggest piece is obviously paying for college. I feel like that alone has given me such a huge leg up and I plan to do whatever I can to make sure my kids have the same advantage.

There’s such a “pull yourself up by your bootstraps” mentality in this country, but the deck has been stacked for the wealthy for generations and generations so I don’t know why people are in a twist over it now when the middle class boomers are able to do similarly for their kids. [/quote]

There is no way a family with two kids would work this kind of job in 2018 and be able to retire as millionaires. The Boomers were amazingly lucky. [/quote]

I’m not sure. My father was an hvac guy turned welder turned master electrician. When he got calls to work on a holiday weekend, he was earning $60/hr. And that was during the 90s. The trades are still a viable option for motivated individuals. [/quote]

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