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Comment by notaustinpowers | Hacker News Reader

This is a signifier that there is less social mobility within American society than in the past. The newest generation should not have to rely on the Bank of Mom & Dad for a down payment to do what Mom and Dad did without that assistance.

Also, parents giving you money has zero correlation with your "good, supporting family" statement. Don't draw a comparison of two completely unrelated things.

"Everyone wins", yeah expect for the people who's parents don't have a spare $60,000 to give their kids for a down payment on a home.

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> parents giving you money has zero correlation with your "good, supporting family"

How is that possible for there to be zero correlation?

It seems like there's an incredibly strong bi-directional correlation between "my family is supportive to me" and "my family sometimes gives me money".

Until a study says otherwise, I'm going off of my own experiences. I've met people with parents who were loaded, but wouldn't give them any money because they wanted to drive home the idea of working for the money. But also wealthy families who will give their kids money when asked just because they know that's the quickest way to get them to go away. I also have many friends who live at home with their parents and are, essentially, dirt poor, but have a supportive, loving family.

Family dynamics and wealth aren't tied by any connecting factors. Being born into a wealthy family doesn't give you a higher chance of having a good, supportive family. Just as the opposite statement of being born into a poor family means you'll have a bad, unsupportive family.

That's an argument that the correlation is less than 1.0, not that it's 0. (I agree that it's not 1, but I don't agree that it's 0.)

Highly doubt 0 correlation

Anecdotally, my parents have offered to help me out with every major cost I've ever faced and living next to me is positively dreadful.

> "Everyone wins", yeah expect for the people who's parents don't have a spare $60,000 to give their kids for a down payment on a home.

my bank deposits are available to be reloaned out to people who don't have a family resource

there is no real injustice here, we all contribute to collective support in many ways, from taxes to loan assistance to education and infrastructure that elevates all and provides opportunity for all

you will always have some people who have an advantage others don't, that's life

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