Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What the heck is downward mobility?

UMC to MC

Unlikely if they go to a decent college and graduate with a useful degree

Not at all. It's the experience of 30-50 year olds, people of my generation, in the US, Europe and Japan. This is why there is so much discontent and voters who support extreme left or extreme right parties in multiple democracies around the world. They feel they've been robbed, because with their background and degrees, they expected at least the lifestyle of their parents.

Anonymous wrote:

Anonymous wrote:What the heck is downward mobility?

UMC to MC

Unlikely if they go to a decent college and graduate with a useful degree

I don't worry about my kids I worry about my grandkids. My kids have trust funds I can't take from them. I want them to go into stable careers even though they don't have to.

Teaching them how to be frugal, so they can stretch their incomes farther.
Trying to live a simple lifestyle ourselves.
Going to church and volunteering to be part of a community.

We live way below our means, so they've always seen us clean our own house, work in our own garden, do our own cooking, do car and home repairs... and they've learned to do these things as well. We've always talked about budgeting and how much things cost.

They're young adults and teens now and they are aware we have significant assets. They will have to manage those at some point. But hopefully living a solidly middle class, instead of an upper class life, will have taught them skills and thrift.

Prepare them to work hard, have resilience, make good choices, live within their means, and invest. The US had it good for many decades, but it's a big world now and they need to adjust accordingly.

I think this is a real possibility, not a semi sarcastic question. For the vast majority of us. The current system is untenable.

I’m teaching my kids to work hard and be flexible. My DH and I are awkward nerds who never networked. I’ll be teaching my kid to be better at that. We will probably never be good at it but he can improve on my zero level lol.

I’d rather have a good relationship with my kids than try to mold them into walking achievements that will secure ever diminishing spots in the UMC. Flexibility and understanding the need for multiple income streams may serve them better. Practical skills like cooking too.

Just do what all the other Boomers are currently doing— finance your kids’ lives until you die and they inherit your wealth.

Teach your kids to work hard and not expect everything to be given to them. Plenty of kids and/will/are succeeding. No need to prepare for downward mobility if kids are hungry like kids used to be.

It's when you have a higher standard of living as a child than you do as an adult.

Teach them Mandarin

Anonymous wrote:What the heck is downward mobility?

UMC to MC

What the heck is downward mobility?

Mainly trying to instill good socialist values

Put this in general parenting but feel free to move to teens or adults if more relevant

It’s clear that many kids are going to be downwardly mobile.

How are parents preparing their kids at various ages to potentially be downwardly mobile?