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countenanceblog the expat's avatar

I should add that all the fashionable current year talk about generational wealth is just a fancy overglorified tu quoque to justify affirmative action and DEI, and also a lazy brain excuse to explain away that which is better explained by cognitive and IQ differences.

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donny714's avatar

The Canadian journalist for Quillette had a interesting anecdote about this phenomenon. When he and his wife were house hunting in their upper middle class Toronto neighbourhood he was suprised by the number of newlyweds in their late twenties shopping for their first homes in this pricey neighbourhood. His real estate agent quipped"PHd: Papa has dough". Many young high achievers also have their lifestyle subsidized by their high achieving parents.

A relative of mine was surprised by how many of his law school classmates hade zero debt from both undergrad and law school, and then had their parents help by them a condo when they mooved to Toronto to start their careers.

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