The concept of the Bank of Mum and Dad goes beyond privileged backgrounds; it's evident in working-class families too, showcasing intergenerational support and financial safety nets.
My parents' investment in properties during the 1980s transformed our economic standing, turning them into unexpected paper millionaires by the turn of the millennium.
This wealth accumulation opened doors for my opportunities, allowing me to pursue education without the burden of financial constraints that many young people face today.
The financial landscape has shifted, and understanding the role of family wealth is crucial, as it creates a divide between generations and impacts access to resources.
#bank-of-mum-and-dad #intergenerational-wealth #financial-safety-nets #working-class-families #property-investment
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