Reply to Why do so many of you NW adults have Trust Funds or get parental help?

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[quote=Anonymous]I see my job as a parent to raise my children well, get them educated, support their interests, give them opportunities and teach them to be self reliant.  I have every intention of paying for college and teaching them how to manage money, etc.  If I have the means I may even help with a down payment someday so long as they are doing their part and not living beyond their means.

Adults that are supported by their parents to the extent they could not get along without it are impacted negatively by this help because they are not grown ups.  If it is just security in the bank or enables self sufficient parents to buy in a nicer neihborhood sooner or send the grand kids to private school I think that is a great use of money and part of the benefit of working hard and passing it along is the ability to help give your descendants a good start in life.

What some people (myself included) think is distasteful is the attitude of superiority and entitlement that some with inherited money or extensive parental support have.

My parents provided me with many opportunities that they did not themselves have growing up.  I intend to do the same for my kids, but I expect self reliance too. The biggest gift my parents gave me was my brain and a stable home.

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