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"Gave their children $100k" This is simply impossible for the overwheming majority of the population

According to Google, $100K is less than 10% of the average american household wealth.

10% of median American household net worth would have been under $20,000 in 2023. And not all of that’s liquid (housing).

The average is completely irrelevant here. You'd have to look at the median household wealth of young parents (if they even have a household!).