[projektfu]

Growing up in the 80s I lived in a middle class area and many families had a 2000 sq ft house and a summer home as well. I'm not sure how things were in the 60s, but I also think there were fewer middle class people then. The article is profiling some of the children of the upper middle class, who were already living in Manhattan before school and who either are surprised that they don't have the same purchasing power or unaware that their parents may have been in the same position at the same point in their careers. It's hard to tell because the article isn't putting anything in perspective.