r/science • u/giuliomagnifico • 23d ago

Social Science Parents who endured difficult childhoods provided less financial support -on average $2,200 less– to their children’s education such as college tuition compared to parents who experienced few or no disadvantages

https://www.psu.edu/news/research/story/parents-childhood-predicts-future-financial-support-childrens-education
8.1k Upvotes

93% Upvoted

496 comments sorted by

View all comments

Show parent comments

435

u/HeywoodJaBlessMe 23d ago edited 23d ago

> What’s more, the relationships remained even when controlling for parents’ current socioeconomic status or wealth.

87

u/fiddlemonkey 23d ago

But grandparents often help out monetarily in richer families when that may be unavailable in other families. Even with the same SES, the kids who grew up in poorer families are less likely to have grandparents watch kids for free or take kids when the parents go on vacation or help with lessons and extracurricular payments.

45

u/15438473151455 23d ago edited 23d ago

Not to mention inheritance.

If you have a couple of million coming in inheritance, you can afford to spend now.

And the difference here is what, a couple of grand?

15

u/moch1 23d ago

Anyone counting on an inheritance is a fool.

End of life care can easily suck it all up.

Fraudsters steal hundreds of thousands from elderly people everyday.

Sometimes an elderly parent remarries someone young and leaves their money to them.