We all know that people with high-income parents have an advantage over people with low-income parents. But what I just realized is that there’s *also* a practical difference between people who could ever inherit or borrow money from a grandparent or cousin, and people who can’t.
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Unless you take your family achievements for granted or civilization has truly collapsed for you, you will probably try to pick up the strategies of the two previous generations as well as you can.
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I skipped number 2 for number 3 and I sure hope my kid(s) don't go for number 4. Now to figure out how...
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I think my parents skipped 1 for 2, which made them more 1-like in some ways than you'd expect given their professions.
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Theory: your parents will understand & encourage their kids moving to the next stage but not skipping a stage. Parents in “Darwinian survival” circumstances will be bewildered by their kid wanting to go to college (see: Winter’s Bone)
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Immigrant struggling-small-business types will totally want to send their kids to college but will be horrified if their kids drop out to start a business and won’t see that as a realistic way to make a living;
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