[eric_b]

I totally agree with you, but I'd add one additional thought. While being born in a first world country is a huge leg up - I think it assumes you're raised by a competent single parent or reasonably competent parents.

Having parents who understand hard work (and can show you what it looks like) and good financial habits makes it easier for you to develop those same traits as an adult, in my experience.

[downandout]

You’re certainly correct. That isn’t to say that people raised in less fortunate circumstances can’t learn good financial habits (and to make good life choices, for that matter). But you are correct that those who are raised by competent parent(s) definitely have an advantage over those who weren’t.

[skookumchuck]

Once you're over 20, it's time to stop blaming one's parents and take responsibility.