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Reply to "How many 55yo that you know in DMV have $3M+ NW?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I feel like the real question is what percentage of these people got here actually on their own. Meaning their parents or other family member didn't pay for their college, didn't give annual gifts, didn't buy them a car, didn't inherit. I bet it is just a handful. [/quote] Passing for college if you can is the standard thing to do for the middle class and above. Maybe if you're extremely wealthy you skip college. [b]But mostly boomer parents pay for their kids' college if possible[/b]. So i don't consider that a leg up. But a trust fund, inherirance, downpayment on a house, yes absolutely.[/quote] I agree with this. But they were paying for in-state, state university that back then didn't cost even close to what it costs now. Probably even weddings, which hadn't yet gone over the edge of extravagance. The test for that generation would be, as mentioned, trust funds, cars, down payment on house, inheritance.[/quote]
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