[achenatx]

I strongly disagree with this. Setting them up for life is actually setting them up for failure. The great thing is every family gets to make their own choices!

My parents are millionaires and they havent given me anything post undergraduate. There were times I was desperate for money (e.g. to make payroll) and they wouldnt bend. They said you will find a way and be a stronger person for it. They were right.

My whole life I knew that all my parents' money was going to my disabled brother and so I haven't planned for it and am fine.

True happiness comes from within, not from material goods (beyond basic food and shelter).

What my parents did give me were the tools and education to know how to not live paycheck to paycheck. It doesnt matter how much money you make, it matters how much you save. When I was in grad school (90s) I made about 12K/year and saved about 2K/year. I did get myself into credit card trouble early on but dug myself out and then had a surplus.

[bradlys]

> My parents are millionaires and they havent given me anything post undergraduate.

So they gave you everything until you were basically 22? Do you even realize how much of your life they've set up for you?

Generational wealth is mostly irrelevant for most kids anyway. They're not getting the wealth until the parents die (Parents tend to die when kids are in their 50s). The grandchildren will receive it much sooner than the parents will (in terms of relative position to their birth).