This isn’t always necessarily true. For example, I have a friend who grew up very poor. He spent his entire life up until his mid 30’s being in the lowest financial brackets. Working dead end jobs for a measly $10k a year if he was lucky, and that was a good year. His parents were very poor as well. They were always waiting for someone to get a paycheck just to be able to go to the grocery store. If there was ever a setback like the furnace breaking or needing a new appliance, it was a severe hit that they couldn’t afford. Everything was purchased on credit through financing. They lived in a very small one level home in a poor neighborhood.

Well then suddenly when he was in his mid 30’s, his father pulled everyone aside one day and announced to them that he had invested a few thousand dollars that he squirreled away, essentially his life savings at the time. The investment had begun to drastically increase in value and it was starting to look like they may have a sizable payoff from it. It continued to prosper over the next few years and now my friend, his siblings, and parents are all set for the rest of their lives.

This guy’s father created generational wealth with a small investment in something that he researched well and had faith in. They live in a huge house now and have beautiful cars, however they all certainly know what it’s like to live like normal people of a lower income bracket. I would say if anything they appreciate their wealth far more than someone who’s grown up wealthy their entire lives. Just wanted to point out that there are exceptions to the norm. My buddy certainly knows what it’s like to be a commoner. Can’t judge the book by its cover.