| From a"middle class" NE suburb here, just anecdotal but sure happens all over.
It's not what you make it is what you keep.
One of my kids went to a "clothing' party the other evening, why I let her go I'll never know, but anyway, gave her $20 and she brought $10 of her own.
One kid at said party, parents 3,000 sq ft home, built 2 years ago,over built in a modest neighboorhood of 1500 sq ft homes. Above home is now in forclosure, property taxes on above are 24K a year.
This child had $200 in her pocket, spent $160 of it on a sweat suit. Could be her birthday money who knows yet the value of a dollar is not exhibited to the next generation.
We have adequate income, in want of nothing, have had 8 years of 10K-15K unreimbursed medical expenses for one of our children, one parent working up until last year, decided to do public school instead of private.
We can afford to pay full state tuition out of savings/income for all 4 of our kids, anything above state is up to our kids to get the grades to earn merit money, so far so good.
Have friends whining and griping about paying college tuition, can't understand how we can, and they can't.
They forgot all the winter break ski trips/Vegas/Florida trips/cars for their 16 year olds they opted to do that we didn't.
Again not what you make it is what you keep.
We live near a town of "old money" they dress/live modestly, drive/own their cars, no new cars every 4 years. They have money coming out their ears, and they KEEP IT. |