|
My family is a good example of typical American family.
My great-grandparents came into New York from Germany and lived in a small apartment in a ghetto in New York. My grandparents bought an Archie Bunker type place in Brooklyn.
My parents moved from Brooklyn to Staten Island and actually bought a nice house. My parents were the first in the family to be tru;ly educated to the point where they could take professional jobs.
My generation all went to college, all moved from New York and are all middle-class at least.
My kid is the first to go to an expensive private school.
My family shows a gradual progression from immigrant to poor, to middle class, to above.
I think we're more the norm than the exception. It does take time though, and I don't think many families go from poor to rich in one generation.
However, avoid mistakes like having babies before you're educated, teach your kids how to manage their money, and I don't think it's atypical for each generation to start in a better place than the generation before it.
|