Anonymous wrote:

Anonymous wrote:I haven't read the entire thread because it appears to be another inane debate about whether there are rich people in the South.

But I did want to pipe up and say that Paul Fussell's seminal work on class in America, called "Class: A Guide Through the American Status System," reaches the same conclusion as the OP. Fussell noted that rich people tend to send their kids to schools with names like Boca Raton University, ie, schools that aren't overly academic and that provide a nice atmosphere. Bama, which has a school atmosphere that is so desirable that it's the top-trending hashtag on social media during rush week, certainly fits the bill. Ivy League tends to be upper middle and middle class, per Fussell. And he also notes that if you put a bumper sticker on your car with the name of the school, you are definitely middle or upper middle (depending on the name of the school).

All of this makes sense, because salary data from Ivy League schools is pretty dismal. The median salary for a Harvard grad, a decade after graduating, is less than 85k. Their highest paid alums are those with computer science degrees, and the tech industry famously doesn't care where you went to college, or if you went at all. That strongly suggests that they are making kinda high salaries due to their technical skills vs the Harvard brand. Why would a rich parent want their kid to grind it out at Harvard, getting chapped lips in the Boston winters, handing around middle class people, when they could be learning the family business closer to home and in a nice setting?

https://www.google.com/amp/s/www.cnbc.com/amp/2023/04/11/how-much-students-earn-after-attending-ivy-league-schools.html

Harvard’s highest paid slums are all over the place, but quite prominent in venture capital, hedge funds and private equity. I think the name counts for something in those industries.

Anonymous wrote:I haven't read the entire thread because it appears to be another inane debate about whether there are rich people in the South.

But I did want to pipe up and say that Paul Fussell's seminal work on class in America, called "Class: A Guide Through the American Status System," reaches the same conclusion as the OP. Fussell noted that rich people tend to send their kids to schools with names like Boca Raton University, ie, schools that aren't overly academic and that provide a nice atmosphere. Bama, which has a school atmosphere that is so desirable that it's the top-trending hashtag on social media during rush week, certainly fits the bill. Ivy League tends to be upper middle and middle class, per Fussell. And he also notes that if you put a bumper sticker on your car with the name of the school, you are definitely middle or upper middle (depending on the name of the school).

All of this makes sense, because salary data from Ivy League schools is pretty dismal. The median salary for a Harvard grad, a decade after graduating, is less than 85k. Their highest paid alums are those with computer science degrees, and the tech industry famously doesn't care where you went to college, or if you went at all. That strongly suggests that they are making kinda high salaries due to their technical skills vs the Harvard brand. Why would a rich parent want their kid to grind it out at Harvard, getting chapped lips in the Boston winters, handing around middle class people, when they could be learning the family business closer to home and in a nice setting?

https://www.google.com/amp/s/www.cnbc.com/amp/2023/04/11/how-much-students-earn-after-attending-ivy-league-schools.html

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This post is actually really triggering me. I grew up in these circles in Texas and went to the right school, camp, college and sorority and never felt like I really fit in with any of it - especially because the guys seemed so spoiled and vapid - and as an adult I have purposefully avoided that scene with my own kids. Now I kind of regret doing that because I see the ease in which these kids can float through life on their connections if they so choose. Not that my kids have any real hardships at all - we have plenty of money and very supportive and close families - but there is something comforting about that social bubble. I wanted to raise my kids outside of it for a reason but now that they are entering college I can see how it would be useful.

I was brought up Texas as well. I attended a public school in Dallas that was well regarded. Many of my friends parents were multii-milonaires and some had billions (think Jerry Jones and Ross Perot).

Your post actually "triggered" me as well. Yes, many kids had money and connections. But they actually worked hard to get through school. They recieved their degrees and were well deserved.

Some of the previous posts make me laugh. I have lived in DC for more than 30 years. I know many people on the East Coast that made piles of money. That being said, there are many people in the South/South West that have obnoxious wealth, the kind that would make the EC people blush.

The price of Crude Oil is around 80-90 dollars today. Our family just pumped 10,000 yesterday from our land, roughly $887,000 in one day.

I know, hate on me.

Why is it that if the folks in the South/Southwest have the wealth that makes coastal people blush…that literally the richest people in the country live on the coasts and have net worths that are hundreds of multiples of any oil barons.

I mean, the hedge fund titans are making $887k like every 15 minutes. Every tech titan just blinked and made $887k.

It’s just weird…I mean this is publicly available information.

Please let me know where you work. If you can make me close to a million dollars every "15 minutes" I would love to do business with you.

It's just weird. I would love to hear from you and your insides on how to make millions (blinking) every 15 minutes.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This post is actually really triggering me. I grew up in these circles in Texas and went to the right school, camp, college and sorority and never felt like I really fit in with any of it - especially because the guys seemed so spoiled and vapid - and as an adult I have purposefully avoided that scene with my own kids. Now I kind of regret doing that because I see the ease in which these kids can float through life on their connections if they so choose. Not that my kids have any real hardships at all - we have plenty of money and very supportive and close families - but there is something comforting about that social bubble. I wanted to raise my kids outside of it for a reason but now that they are entering college I can see how it would be useful.

I was brought up Texas as well. I attended a public school in Dallas that was well regarded. Many of my friends parents were multii-milonaires and some had billions (think Jerry Jones and Ross Perot).

Your post actually "triggered" me as well. Yes, many kids had money and connections. But they actually worked hard to get through school. They recieved their degrees and were well deserved.

Some of the previous posts make me laugh. I have lived in DC for more than 30 years. I know many people on the East Coast that made piles of money. That being said, there are many people in the South/South West that have obnoxious wealth, the kind that would make the EC people blush.

The price of Crude Oil is around 80-90 dollars today. Our family just pumped 10,000 yesterday from our land, roughly $887,000 in one day.

I know, hate on me.

Why is it that if the folks in the South/Southwest have the wealth that makes coastal people blush…that literally the richest people in the country live on the coasts and have net worths that are hundreds of multiples of any oil barons.

I mean, the hedge fund titans are making $887k like every 15 minutes. Every tech titan just blinked and made $887k.

It’s just weird…I mean this is publicly available information.

Anonymous wrote:

Anonymous wrote:Billionaire ex-bf (family money, several generations old) went to Carlton.

Famous-name wealthy aunt went to SMU.

There're suckers too from rich families. Nothing surprising.

Anonymous wrote:

Anonymous wrote:This post is actually really triggering me. I grew up in these circles in Texas and went to the right school, camp, college and sorority and never felt like I really fit in with any of it - especially because the guys seemed so spoiled and vapid - and as an adult I have purposefully avoided that scene with my own kids. Now I kind of regret doing that because I see the ease in which these kids can float through life on their connections if they so choose. Not that my kids have any real hardships at all - we have plenty of money and very supportive and close families - but there is something comforting about that social bubble. I wanted to raise my kids outside of it for a reason but now that they are entering college I can see how it would be useful.

I was brought up Texas as well. I attended a public school in Dallas that was well regarded. Many of my friends parents were multii-milonaires and some had billions (think Jerry Jones and Ross Perot).

Your post actually "triggered" me as well. Yes, many kids had money and connections. But they actually worked hard to get through school. They recieved their degrees and were well deserved.

Some of the previous posts make me laugh. I have lived in DC for more than 30 years. I know many people on the East Coast that made piles of money. That being said, there are many people in the South/South West that have obnoxious wealth, the kind that would make the EC people blush.

The price of Crude Oil is around 80-90 dollars today. Our family just pumped 10,000 yesterday from our land, roughly $887,000 in one day.

I know, hate on me.