Quote:
Originally Posted by blankall
It's more babyboomers donating than Gen Xers. Gen Xers didn't have nearly the same economic opportunities that Babyboomers did. The dividing wealth gap has been a slow process. The Gen Xers are somewhere between Babyboomers and Millennials, in terms of their wealth.
But yes, the unfortunate reality is that if you want your children to do well, you will likely have to pay more for it than previous generations did. And people who don't have the luxury of having parents to support them more financially, are simply going to have a much tougher time.
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agree with everything you are saying (and Jason14h too)
anyways our family is ahead of most and very fortunate, no doubt, but I do think there could be some reckoning coming on the front of what (post-boomer*) parents can provide (unless/until maybe the silent generation/early boomer grandparents die- sadly)
*and look I totally get it, there is some lazy shorthand to generational generalizations, and its not like all the boomers are bathing in wealth either