I first encountered this dichotomy at a young age, when I was invited to my friend's house. It was a mansion in Bel-aire. Then another friend - a beach house overlooking Santa Monica. I was too young to know at the time, but we lived with no savings in a small apartment, and eventually bought a modest house, but even then, our furniture was mix-mash, we did a lot of poor quality self repairs, and were extremely careful about spending. Our life was focused on frugality - I remember a lot of small things I found particular, like my mom would reuse the paper towels to clean the dishes, and our TV was older than me by 1 year - it was my mom's TV from college.
When I was in high school, I visited my grandparents back in Taiwan, and I vividly remember the experience, not in a good way. They used to be rich but gambled most of their wealth away, including most of their house. It left them with this pitiful structure, a corner skeleton of what was once a majestic courtyard house that had fallen into disrepair and was never modernized. The structure wasn't fully enclosed so you had to sleep in a mosquito net, and there was barely a modern kitchen and bathroom. Needless to say, I did not want to go back.
I eventually worked at a real estate company and got a chance to view many houses on the market in SoCal. One step into the house and you can immediately tell a lot about the family's background. I remember 2 houses distinctly - a rich Asian immigrant's house, and a rich Caucasian's house. The Caucasian's was filled with relics of community - pictures of their involvement on sports teams, pictures of grandparents leading town hall meetings - it felt like they were rooted into the city and were an integral part of the community there. In contrast, the Asian immigrant's house was filled with relics of achievement - the doctorate was posted on the wall, lots of trophies and awards for their kids. The imagery offers a lot of insight into family and community development lagging behind income development in immigrant families.
From developing world living conditions, to a small apartment, to a modest house, to seeing rich houses and mansions in Bel-aire - each of these provides me a snapshot of way more than just income. Beyond wealth, there is poverty of taste, standards, and expectations, family practices and emotional intelligence that define many Asian family backgrounds. Beating your kids is not the right way to raise them. Yelling louder is not the way to win an argument. Hiding your faults hurts your family more than it helps. Our parents came from humble, uneducated backgrounds, and modern society and the cultural values it instills - while a gift from them - is something they themselves lacked.
Interestingly enough, I have a lot of friends who feel a similar regret as this article implies. Our parents have done such a good job of creating a modern world environment for us that we don't see the developing world heritage until much later. What it means is that it is hard to understand the advice and mindset of our parents growing up, and only much later do we appreciate their perspective and effort - when it feels too late.