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Reply to "What percentage of the population do you think has a trust fund?"
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[quote=Anonymous]I think very few people have trust funds- but those who do are concentrated in certain neighborhoods/circles so it’s easy to get a skewed perspective. A much larger number of adults (though still a small percentage of the population) get significant financial help from family: down payments, private school tuition for grandparents, funding of vacations/renovations and other extras. These people are concentrated in certain neighborhoods/circles so again, it is easy to get a skewed perspective. On the whole, it is much more common for help to go the other way (IMO)- adult children helping older family members financially. [/quote]
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