The opportunities for our children is dwindling. I am a full time health care worker who works lots of overtime and I can not even come close to affording a house that fits me and my kids. I am desperately trying to save up but would need $100k to even get my foot in the door at today’s market. To hear you say you would want to cut your child off seems so foreign to me. I want to get ahead enough in life that I can leave my kids with something. That is why in fact I just 2 weeks ago saw a financial advisor and am working on getting life insurance. I want to make my kids life a little easier then mine and with the way things are every cent I can leave them will help a lot. Hard work is not enough to do well in life anymore. Trust me my next check has 157 hours of pay coming. I still am not financially well off.
Part of the reason opportunities are dwindling is because generational wealth is accumulating more and more resources and rent seeking from the plebs who toil to survive. If you're not born into that club, it's very unlikely you'll enter it.
