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College and University Discussion
Reply to "Downward social mobility - anyone worries about it?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why do you care if your kids have a downward trajectory - especially if they themselves don’t particularly care? It happens all the time. Family fortunes go up, and down. [/quote] +1 My family has been in the US since the Revolution. There have been a lot of ups and downs in the family’s fortunes since then. For some reason, wealthy people today seem to think that family fortunes stay intact over generations. [/quote] No, but it’s a lot easier to structure intergenerational wealth to help preserve it today than it was in the past. And the amount of financial education you can instill in your kids is much greater.[/quote]
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