Monkeys, one of the best aspects about this community is that people talk about their stories and opinions in a candid way. I was reading this article which said that millennials thriving financially in America today have one thing in common- rich parents.
These Millennials have help paying their tuition, meaning they graduate in much better financial shape than their peers who have to self-finance college through a mix of jobs, scholarships, and loans. And then, for the very luckiest, they'll also get some help with a down payment, making homeownership possible, while it remains mostly unattainable for the vast majority of young adults.
Though the article largely speaks about home ownership and college tuition, it got me thinking on how a few folks leverage their family connections to land jobs, have a cushion to fall back on when the opportunities seem lacking or be naturally inclined to take risks (pursue entrepreneurship etc.).
I am not being judgemental nor am I criticizing people who were born with a silver spoon as it is almost genetic lottery at play but I am curious to know the community's thoughts on this. If you are from a well to do family, how do you view your success? If you climbed up the ladder without any support, how do you view your own growth? Did you ever envy your colleagues who have it easy in life?
Investment Banking Interview Course
- 7,548 questions across 469 investment banks. Crowdsourced from over 500,000 members.
- Technical, behavioral, networking, case videos, templates. All included.
- Most comprehensive IB interview course in the world.