How do you feel about your parents being way more financially well off than you'll ever be? 😐
I recently got access to my boomer mom's and silent generation dad's finances, and honestly, I almost wish I hadn't looked. We grew up what I'd call working class, buying clothes once a year from Walmart. But it turns out my parents, especially my dad, made way more money than they ever let on.
My dad's income was easily top 10% in the 80s and 90s, and my mom had a good pension. They were upper middle class, maybe even wealthy, yet they hid all of it. My dad even owned secret land.
For years, we were told we were "poor." It's infuriating to realize they were so clueless about their own wealth. We were supposedly too poor for college, after-school sports, or music lessons. Just too poor for anything.
Learning my dad claimed $102,000 in 1990 really hit home: when one parent alone makes the equivalent of $250,000 a year, you are not poor. They never really had to worry about money.
#FamilySecrets #MoneyTalk #GrowingUp #FinancialWellness #Boomer #PersonalFinance #Millennials
