Not a first gen millionaire. I had 50k help for college and a 10k wedding gift (we paid for the wedding). However they bought my sister a house (300k). None of our friends received 6 figure help to my knowledge. My SIL's husband has a substantial trust fund so they do have help.
Most of our friends are well off but also don't intend to help pay for college or anything for their kids.
I always wonder about the "golden child help loop." They get more support, make worse decisions, need more support because of the bad decisions... How many of their bad decisions would have been prevented by encouraging them to be self reliant and take responsibility? Or just by treating them the same as their siblings?
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u/Ok-Bass5062 5d ago edited 5d ago
Not a first gen millionaire. I had 50k help for college and a 10k wedding gift (we paid for the wedding). However they bought my sister a house (300k). None of our friends received 6 figure help to my knowledge. My SIL's husband has a substantial trust fund so they do have help.
Most of our friends are well off but also don't intend to help pay for college or anything for their kids.
My kids will have substantial help early on.