"Dear Privileged, But my parents did not have any hand in our buying the house. They haven't ever actually given us money or bought us anything beyond the usual birthday and Christmas gifts. I understand that at some point my siblings and I will inherit their estate, but that is hopefully decades away. Otherwise, they gave me a great start to life and have been financially hands-off since."
A couple in their mid-30s owns a house in a high-cost area and feels privileged because their parents are wealthy. Friends have been discussing a claim that the parents bought the house, and the claim is untrue. The couple says they received no money for the purchase and that the parents have not given them anything beyond normal gifts. The couple acknowledges early advantages such as no student debt and living at home rent-free, but they want to correct the rumor because it leads friends to speak negatively about them. They are unsure whether to address the rumor directly, ignore it, or find another approach that avoids seeming defensive or dishonest.
#housing-affordability #personal-finance #wealth-inequality #social-relationships #rumors-and-reputation
Read at Slate Magazine
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