> (those with total household investable assets, excluding pensions, retirement plans and property, greater than $1,000,000).

Am I reading this wrong, is this about trust fund kids?

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alwa 4 hours ago | parent | next [-]

You are reading gp’s comment correctly as it was written, but it omits the next line in the source study:

> Data for the general U.S. population (including the High Net Worth oversample) were weighted to Census targets for education, age, gender, race/ethnicity, region and household income.

They oversampled in major markets where they work and in high-net-worth populations (who they service), but their claims are for the overall US adult population.

Oversampling like this is pretty routine in survey research. It improves the precision of any subgroup analyses you might want to do, and, to a first approximation, it doesn’t tend to bias the weighted overall-population claims in one direction or another.

I think about it like Google Earth or something. I happen to have much-higher-res imagery of London than of the Cotswolds. That doesn’t mean my view, when zoomed out to “the whole United Kingdom,” is necessarily misleading. It does mean I can additionally make more detailed claims about Piccadilly Circus than about the sheep fields or whatever.

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cliglot 4 hours ago | parent | prev | next [-]

How you define “rely”.

I’ve certainly seen trust fund kids who’s success is anchored on “daddy gave me a sweet job at his company” and others who’d be dead or in prison if it wasn’t for the constant money poured into the legal system by their parents.

	▲	michaelt 3 hours ago \| parent \| next [-]
		According to the more detailed report [1] the questions and answers were: Q2630. Do you currently consider yourself financially independent? Yes: 72% No: 28% Q2634. How financially independent do you currently feel from your parents (meaning you could support yourself without them if needed)? Fully independent: 44% Mostly independent: 17% Somewhat dependent: 17% Fully dependent: 8% Not applicable: 14% Then they report 17+17+8=42 = "42% of adults rely on their parents for financial support" [1] https://news.northwesternmutual.com/download/2026+P%26P+Mark...
	▲	conductr 4 hours ago \| parent \| prev [-]
		There’s a huge spectrum. I’m mid 40s and my wife grew up much wealthier than I did. We have done quite well, but I I’m a bit frugal, like to save, despise waste and excess, and therefore don’t like traveling like they do. I like traveling but all the fancy upgraded experiences at every turn is what I refuse to spend money on. But we don’t go without, we “rely” on my in laws to upgrade our travel (or that’s how my wife has structured the relationship with them, they pay for everything and we cover the drinks is basically how it works out). I’m not a huge fan of it but they don’t care and it keeps my wife off my back lol, so whatever. We travel with them a lot but even when we don’t I think my wife uses their card to pay for it. It’s between them is what I say, I don’t want to be a part of it as it feels like we’re taking advantage of them but apparently they’re fine with it. Is this fitting the definition of “rely” because it’s nonessential

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fhdkweig 4 hours ago | parent | prev | next [-]

> total of 4,375 online interviews

> Included in this overall total is a sample of 816 High-Net-Worth

Looks like about 1/5 are in the trust fund kid category.

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vondur 4 hours ago | parent | prev [-]

Sure seems like it if you are excluding property.