Reply to Does your social circle have a lot of family money/trust funds?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s an anonymous forum after all. Isn’t this the place to ask questions like this. I told the attitude from a lot of people with trust funds and family money is it’s crass to talk about it but again, it’s an anonymous forum. What does it really matter. Seems like a good place to be honest. [/quote]

NP 
I have never heard this from someone directly but there are many people who had a neighbor/friend/relative tell me that person had a trust fund. I wonder if they know EVERYONE knows because one or their friends is a big mouth. It's also possible that it's not even the case and just assumed gossip.[/quote]

I think it’s just obvious in some cases. 3 kids in private school, second home,  husband is a civil engineer and they live in a 3m house and drive an escalade/bmw. You need a very large salary to carry this lifestyle. We have a $500k family income and live a fairly normal life with kids in public school, just happens to be a great neighborhood but totally normal house that would be $400k anywhere else. [/quote]

Lots of people like this in Chevy Chase. Expensive starter home that was either renovated or used to cash up to a bigger house. Club membership. Family vacation homes. Multiple young kids who will be lifers in private school. SAHM or mom who works very part time. Maybe some household help like a part-time sitter and weekly house cleaner. Dad is an attorney or some other job that makes good money, but not the kind of money for these expenses.[/quote]

Yup!  So it's either family money or they are leveraged to the hilt and have no retirement/savings.  
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