If you're a parent and can offer nothing to your child in their adult life, you've ultimately failed

get these nets

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I 100% agree. I’ve been trying to get in with big and elite tech companies. Almost everybody there has degrees from the top Ivy League schools (Yale, Harvard, Stanford, etc). I have degrees from state schools. I feel if I had a degree from Harvard or Yale, it would be easier for me to get some top-level jobs. I say all this because Yale and Harvard are basically schools for the elite and wealthy. I didn’t come from a lot of money in my family and realistically couldn’t afford to go to an Ivy League school. I couldn’t “join the club” and get all of those connections. If my family had a lot of money, Harvard, Yale, etc could have been a possibility. So, if I ever have kids I want to be able to afford an Ivy League school for them, should they want it.
Post doesn't add up.

Did your grades/scores make a highly selective school an option for you to apply to? If so, and you went the state school route instead,you would have likely been eligible for scholarships from that school. They recruit and give incentives for the top students to stay in state.
For the past 15 years or so, money isnt really a barrier at the elite universities, either. To keep attracting the top students, some of them give automatic aid packages based on family income.
 

Ciggavelli

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Post doesn't add up.

Did your grades/scores make a highly selective school an option for you to apply to? If so, and you went the state school route instead,you would have likely been eligible for scholarships from that school. They recruit and give incentives for the top students to stay in state.
For the past 15 years or so, money isnt really a barrier at the elite universities, either. To keep attracting the top students, some of them give automatic aid packages based on family income.
Yeah, I have a PhD now. I think I could have gotten accepted at an Ivy League school, but I’m not sure they would have given me much money in scholarships, if I’m being honest. Because of that, I decided to not even bother with them.

I started my BA in 2001 (so a while ago). I went to various state schools because they gave me money. Going to a school in CT, MA, or NYC just didn’t seem possible because of tuition and the high cost of living.
 

get these nets

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Yeah, I have a PhD now. I think I could have gotten accepted at an Ivy League school, but I’m not sure they would have given me much money in scholarships, if I’m being honest. Because of that, I decided to not even bother with them.

I started my BA in 2001 (so a while ago). I went to various state schools because they gave me money. Going to a school in CT, MA, or NYC just didn’t seem possible because of tuition and the high cost of living.
Ok, I get it.
The top schools added different aid packages because they missed out on a pool of middle class kids in the past.
Classes would be filled with kids from legitimately wealthy parents, and kids from households on the lower end of the economic scale, who qualified for big financial aid packages.
For those somewhere in the middle, their parents household incomes made them ineligible for aid packages, but not quite able to pay such steep costs.
I've said that it's the one time in life where being poor is an advantage.

For middle income household students, the practical decision back then is what you did.
Those barriers are gone or lessened at some of the top schools now.
 

wastedmermaid

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60% of American don’t even have 1000 dollars in there savings account for an emergency. And if we’re talking about black people that number even more. And y’all talking about passing down generational wealth and land....:dwillhuh:

what world are y’all living in???

with cost of living sky rocketing and salaries not keeping up, most people just worried about having enough for tomorrow.
 
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Kyle C. Barker

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This dude is really crying about his parents AND grandparents not leaving him land, helping him with a down payment on his house, and boosting him into the next tax bracket.

Straight up calling his meemaw a failure for not rising above Jim crow and passing down property that wasn't redlined.
 

Amestafuu (Emeritus)

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I had to work for everything I have now and received zero handouts from my parents. I do OK. But, I just think, what if I had some sort of nest egg or inheritance that could catapult me to the next tax brackets? Hell, even a property? Land?

That's the mistake a lot of people make, not focusing on generational wealth at all causes stagnation to your lineage. Without keeping this in mind every single new adult released into the world, start on square one. It's not in the child's best interest.

Now I grew up with both a mother and father in a relatively middle class stable lifestyle but it's just still not enough. I'm competing against people that have old / long money fueling their ambitions or basic life.

Don't even get me started with grandparents. If your grandparents cannot pass something on you might as well not even meet your fukking grandchildren, otherwise what's the point of you? My grandparents left me ZERO and left my mother and her siblings with debt and anxiety taking care of them in their final years.

I know the circumstances were different back then. But for Christs sake, start building that nest egg or something as soon as your child is born. Pay for their school, down payment for a house, something that can give them an edge rather than starting all over again.

I feel selfish feeling this way. And I even lowkey resent my family for this. It's a complex range of emotions.

But I'm curious how y'all feel about it.
what you got for your kids?

so your parents have to put in work and you here bytching

just make sure you do better than them first before you start looking down.
 

Amestafuu (Emeritus)

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This dude is really crying about his parents AND grandparents not leaving him land, helping him with a down payment on his house, and boosting him into the next tax bracket.

Straight up calling his meemaw a failure for not rising above Jim crow and passing down property that wasn't redlined.
i hate entitled people.

can't have folks like that calling me family.
 

Benjamin Sisko

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OP

You are an immature ingrate. Parents raised, clothed, and fed you for 18 years. They owe you nothing.
This shyt here and the 28 people who dapped this is the reason why black people are so far behind economically and have to start from zero behind other groups.
 

The God Poster

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As far as OP goes.

You’re right. But give your parents some grace. You don’t know what tough choices had to be made to survive. But the ultimate goal is to leave some sort of assets or safety net to your children. Or at least put them in situations where they can be successful.

Each generation should build and improve, but there needs to be a foundation.

My wife and I struggled with student loans. So we made a commitment to pay for our kids college without having them take out the debt.

We wasted money as renters in our 20s. But will allow our kids to stay home until the first time they move out they’re in position to own.

Feeding and clothing your kid for 18 years fulfills a legal obligation. But there are other cultural things that we need to start doing as Black parents.

Kicking your kids out at 18, so you can go on Tom Joyner cruises is that selfish Boomer/Gen X bullshyt.
Giving you strong values, educating you , keeping you with food & shelter doesn’t meet these standards ?

It sounds like OP family did that & yet he still crying . Sure money & land would have been great but to call your parents failures solely off that is some dirt bag shyt .

I wonder what percentage of families leave the children with inheritance once they become adults ? I doubt it’s 50%
 
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This shyt here and the 28 people who dapped this is the reason why black people are so far behind economically and have to start from zero behind other groups.

:mjlol:

Only on the coli can nikkas in America be their own economic oppressors.... boy yall new internet cats a special kind of stupid.....
 
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