Anonymous wrote:No one knows what tomorrow will bring. We could have a revolution, depression or a worse pandemic than covid. It makes no sense to worry about what you cannot control.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:As the college application process wraps up, I’m realizing something that’s getting harder and harder to ignore: it really seems like DC is headed for downward social mobility. I just don’t see them pursuing a career that would allow them to maintain the lifestyle they grew up with. And since they’re not getting into Ivy League schools, they won’t even have the prestige, however little it may be, that might help them hold onto whatever social status comes with it.
And then there’s the bigger picture. The spouse they end up with will probably be in the same situation, and then there are their kids and the whole family trajectory. Add in the rise of AI and the disappearance of jobs, and it’s only going to make things worse.
Maybe this isn’t something people say out loud. One of those quiet anxieties. But can we rant about it on an anonymous forum.
Save more money, spend less, and leave them all you can in their inheritance. That is how you can help them and your grandkids.
Honestly, this. If they currently have some lifestyle (courtesy of you) that you don’t think they can make for themselves as adults—despite going to college and getting a professional job—then you clearly have the resources to help them in the future. Annual gifts, 529s for the grandkids, trusts when you die. Teach them deep financial literacy and long-term/intergenerational wealth planning. This is how every UMC and above family helps those who can’t swing it on their own (for those families that help, that is).
Ick. Don't have or want any of this. Parents don't feel the need to help us financially, which is fine by me. Isn't this how hustle dissipates through generations?
Anonymous wrote:If you give to your DC's the best education in the world and they still can't succeed, an inheritance isn't going to make any difference (unless you have Elon Musk money).
Anonymous wrote:Anonymous wrote:Is your child a boy or a girl? My teenager is a boy and I'm pretty sure his plan right now is to marry a woman that is ambitious. He's good looking so he probably has that luxury.
let us know how this works out please. i am not sure if that's what an ambitious woman would want. most of the ambitious succesful women i know want the same in a mate. we moved past wanting the good looking guys after high school.
Anonymous wrote:Is your child a boy or a girl? My teenager is a boy and I'm pretty sure his plan right now is to marry a woman that is ambitious. He's good looking so he probably has that luxury.
Anonymous wrote:I hope my kids trend downward and don’t do what we did. Maybe they’ll actually be useful to society. DH and I make good money, but are probably a net negative to the Earth. It’s depressing. Just riding it out now so we can retire early and stop the madness.
Seriously, if my kids become EMTs or fly-fishing guides, that’s a win.
Maybe examine your own biases and priorities, OP?
Anonymous wrote:As the college application process wraps up, I’m realizing something that’s getting harder and harder to ignore: it really seems like DC is headed for downward social mobility. I just don’t see them pursuing a career that would allow them to maintain the lifestyle they grew up with. And since they’re not getting into Ivy League schools, they won’t even have the prestige, however little it may be, that might help them hold onto whatever social status comes with it.
And then there’s the bigger picture. The spouse they end up with will probably be in the same situation, and then there are their kids and the whole family trajectory. Add in the rise of AI and the disappearance of jobs, and it’s only going to make things worse.
Maybe this isn’t something people say out loud. One of those quiet anxieties. But can we rant about it on an anonymous forum.
Anonymous wrote:Is your child a boy or a girl? My teenager is a boy and I'm pretty sure his plan right now is to marry a woman that is ambitious. He's good looking so he probably has that luxury.
Anonymous wrote: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.
Anonymous wrote:As the college application process wraps up, I’m realizing something that’s getting harder and harder to ignore: it really seems like DC is headed for downward social mobility. I just don’t see them pursuing a career that would allow them to maintain the lifestyle they grew up with. And since they’re not getting into Ivy League schools, they won’t even have the prestige, however little it may be, that might help them hold onto whatever social status comes with it.
And then there’s the bigger picture. The spouse they end up with will probably be in the same situation, and then there are their kids and the whole family trajectory. Add in the rise of AI and the disappearance of jobs, and it’s only going to make things worse.
Maybe this isn’t something people say out loud. One of those quiet anxieties. But can we rant about it on an anonymous forum.