I totally agree with you that help from parents is an understated reason for people doing well financially. Both in terms of giving children opportunities to learn how to manage money and by directly giving money, wealthier parents mean wealthier children. People who think there's a level playing field are dreaming (I'm speaking as someone who had more support than many but not as much as some - it certainly made a difference to me).
Thanks for your thoughtful comment, Melanie. I think it's because I lost my Dad when I was a teenager, and he was the source of income for our family, that I think about this issue. It's not like you are "doomed to lifelong poverty" if you don't have financial support from parents or other relatives, but it does make it more difficult, especially in our current, high- priced society. I hope those who read this look back and are grateful for any support they received.
I totally agree with you that help from parents is an understated reason for people doing well financially. Both in terms of giving children opportunities to learn how to manage money and by directly giving money, wealthier parents mean wealthier children. People who think there's a level playing field are dreaming (I'm speaking as someone who had more support than many but not as much as some - it certainly made a difference to me).
Thanks for your thoughtful comment, Melanie. I think it's because I lost my Dad when I was a teenager, and he was the source of income for our family, that I think about this issue. It's not like you are "doomed to lifelong poverty" if you don't have financial support from parents or other relatives, but it does make it more difficult, especially in our current, high- priced society. I hope those who read this look back and are grateful for any support they received.