Originally Posted by ultramarina
Furthermore, this particular paper shows that wealthy parents are spending more on early childhood care (daycare) and higher education (college)--AND they are forking over more money to their ADULT children. Yes. You read me right. The wealthy parents who are making their kids so fantastically successful? They're giving their 20-somethings money.

If you give your children money, for example, to buy a house, then they don't go into debt because interest payments are not flowing to financial institutions.

So, you maintain more inter-generational wealth.