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Money and Finances
Reply to "Growing up in the DC Wealth Bubble"
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[quote=Anonymous]OP, I’ll try to answer your question. I did grow up in NYC and attended private school k-12, lived on the UES and everyone I knew was well educated and had money. My family was well off but nowhere near the level of wealth of my classmates. We didn’t have a country house, we didn’t spend the first week of spring break at Vail then the second week on St Barts like many of my friends. Several of my classmates had parents on the Forbes 400. Although all that seemed normal, I didn’t assume everyone grew up like that. For one, I lived in NY and saw poverty every day, I also watched tv and had a sense that I lived a privileged life. What really burst my bubble was going to college. Yes, it was a preppy private college but plenty of kids came from modest backgrounds. I remember being surprised to learn that many of my friends were on financial aid and had to earn college spending money over the summer. After college I was on my own and had to learn how to hustle. I now try to drill into my kids that they live a privileged life. That, even if we aren’t filthy rich like some of their friends, we are still wealthier than .01% of the planet. You have to give some grounding and doses of reality to burst the bubble. Have them volunteer. Try public school! [/quote]
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