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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. An interesting point about inter generational economic comparisons.

An interesting point about inter generational economic comparisons.

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  • jon-nycJ Offline
    jon-nycJ Offline
    jon-nyc
    wrote last edited by jon-nyc
    #1

    Megan’s just giving her example.

    But when people had kids at 20-25, the kids saw the parents in earlier stages of their careers when they were still scraping by. Nowadays many have kids closer to the peak of their careers.

    By the time my son was born, our luxury condo was paid off. Had we had him at 23 it would have been a very different experience for him in early childhood.

    Thank you for your attention to this matter.

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    • AxtremusA Offline
      AxtremusA Offline
      Axtremus
      wrote last edited by Axtremus
      #2

      Yeap, sounds about right.

      Another important factor that affect "childhood experience" and inter-generational wealth transfers later on ... number of siblings. Much fewer of them for kids these days.

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      • MikM Offline
        MikM Offline
        Mik
        wrote last edited by
        #3

        I was 37 when my daughter was born, so she never experienced financial difficulties, unlike my ow childhood. I think it holds true.

        "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

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        • 89th8 Offline
          89th8 Offline
          89th
          wrote last edited by
          #4

          Same here, life at 25 vs 35…very different. Good perspective. My parents were on a MUCH tighter budget.

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