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Reply to "Signs once wealthy now in genteel poverty?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know a lot of middle aged adults with so so jobs who talk about their rich grandparents. They are waiting for some big inheritance that may or may not be there. Not sure if this is what OP is looking for. Descendants of wealthy people who did not do well for themselves. They are not living in poverty, just middle class or very low UMC.[/quote] There are people in my family like this. Educated, low paying jobs or no job, parents gifted their house, decent inheritance allows them live middle class, but not rich. Getting by and okay with that. Because they are above such things(i.e., genteel)? Not sure. Shirtsleeves to shirtsleeves in three generations.[/quote] Or kids who had trust funds that weren’t that big. I didn’t grow up wealthy but now have a seven figure HHI. We have a net worth in the low eight figures. Some of the kids that I grew up thinking were super wealthy turned out to be not so wealthy after all. They are very middle class in adulthood.[/quote] How do you know though? Maybe they just aren't spending their money. [/quote] She of course doesn’t know. She just likes to fantasize that she has now surpassed those to whom she felt inferior in the past.[/quote]
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