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re: Are you as wealthy as your parents were at your age ?
Posted on 3/2/16 at 4:51 pm to Paul Allen
Posted on 3/2/16 at 4:51 pm to Paul Allen
And I had very white collar parents who had even whiter collar parents 
School is far more expensive now, industries are all over the place, everything is rapidly changing due to technology, number of kids in a family matters (my dad was only child and his dad left him money at an early age), etc.
Its so far from black and white. In fact, I would guess far less children of well-off white collar parents exceed their parents wealth because its a much higher bar to reach.
School is far more expensive now, industries are all over the place, everything is rapidly changing due to technology, number of kids in a family matters (my dad was only child and his dad left him money at an early age), etc.
Its so far from black and white. In fact, I would guess far less children of well-off white collar parents exceed their parents wealth because its a much higher bar to reach.
2
Posted on 3/2/16 at 4:54 pm to TheCaterpillar
Ahead of where my dad was at the time. I have graduated college and have a job. Plus, work for my wife's family business which We'll be taking over in the near future.
Posted on 3/2/16 at 5:06 pm to TheCaterpillar
I phrased my post very poorly.
I do not think my generation (y) will be able to provide for our children as well as our parents. I don't think as many of us we will be able to live in 400k houses and pay for our kid's college education like so many of our parents did considering skyrocketing healthcare and education costs coupled with stagnant wages and decreasing benefits.
Buffett is almost certainly right about the future for the average American, but i'm focusing on the (upper) middle-class.
I do not think my generation (y) will be able to provide for our children as well as our parents. I don't think as many of us we will be able to live in 400k houses and pay for our kid's college education like so many of our parents did considering skyrocketing healthcare and education costs coupled with stagnant wages and decreasing benefits.
Buffett is almost certainly right about the future for the average American, but i'm focusing on the (upper) middle-class.
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