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In our March video essay, Chelsea investigates two different realities splitting Americans down the middle: growing up with generational wealth, and growing up without it. So much of what we perceive as a "normal" American experience is actually the product of having a financially privileged family, and we need to talk about it.
Thanks so much to our interview guests, Paola and Sarah!
SOURCE LINKS:
www.investopedia.com/generational-wealth-definitio…
pmc.ncbi.nlm.nih.gov/articles/PMC4234039/
www.cnbc.com/2017/08/03/richer-parents-are-the-pro…
www.cnbc.com/2017/08/03/richer-parents-are-the-pro…
www.npr.org/sections/money/2023/07/24/1189443223/a…
news.ucr.edu/articles/2023/09/11/elite-university-…
www.attigo.com/news-and-insights/loans-vs.-legacy-…
www.robertwalters.us/insights/news/blog/nepotism-i…
www.harvardmagazine.com/2023/06/right-now-nepotism
www.housingwire.com/articles/nearly-40-of-homebuye…
financialpost.com/news/homebuyers-rely-bigger-gift…
nypost.com/2024/07/08/real-estate/more-than-half-o…
comptroller.nyc.gov/reports/spotlight-new-york-cit…
www.madisontrust.com/information-center/visualizat…
www.businessinsider.com/most-expensive-cities-for-…
www.vanityfair.com/news/story/jd-vance-solution-ch…
upward-mobility.urban.org/framework/education/pres…
mylifesite.net/blog/post/the-unexpected-costs-of-c…
00:00 Intro
02:46 Ad break
10:52 The privilege of being a kid
18:09 College: affirmative action for rich kids
27:49 The cost of making connections
34:11 How generational wealth ruins the housing market
40:02 When did childcare get so expensive?
48:15 Conclusion
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