Reply to Frugal Mama article in today's Washington Post

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[quote=Anonymous][quote=Anonymous]I smell family money. [/quote]

My assumption when I read the article was that his Italian family has helped them out quite a bit, since that is the norm there.  I had a long term relationship with an Italian surgeon (we lived in Italy at that time) and got to know a lot of his friends (mostly fellow doctors) and their family backgrounds.  All of them lived with their parents until they were well into their 20s, and when they did strike out on their own their apartments were paid for by their parents.  Unless they are in private practice doctors don't make much money in Italy (about the same as residents here).  I saw a lot of family money there, but only one thirty-something doctor (out of the 15 or so I knew) who was starting to make a decent amount of money in private practice.  Most didn't count on a large future income.  What I did see was vacation homes, cars, travel, you name it, provided by families.  Also, the household spending mentality tends to be much different there.  Their houses were neatly and sparely furnished with expensive furniture (hello $1000 table!), but they didn't have lots of stuff, like the average American household.  As for retirement, that would be financed by the family money and the government.  It sounds to me like the husband's Italian background has had a big influence on how this family spends and saves (or doesn't).[/quote]

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