Dos Perros
WKR
People have debt, or family that helps them. An old hunting buddy of mine got given 80K for a down payment on a house. This was back when that was 40% of housing prices. You can’t compete with that.
'I am no longer your bank account': 65% of parents are still supporting their millennial children, study says. The kids' generation holds only 9% of US wealth, but Suze Orman says cut ’em off
The boomers' share of the nation's wealth is greater than 50%.
finance.yahoo.com
This was a big blind spot of mine that my wife just let me in on. She knows of plenty of her friends that get money from their parents (we are late 30's early 40's). Neither of our parents have helped us at all since we graduated college...but I guess we were responsible enough we never really needed it. I suppose there is some luck there but we have survived two periods of unemployment for 6 months and never needed or asked for help.
I don't know of my of my friends that get help, but I suppose if I were getting help I wouldn't tell my friends because there'd be some shame in that (for me, at least).