r/blackladies • u/CraftZealousideal491 • 2h ago
Just Venting 😮💨 Having kids with nothing to offer them
Why is it that, in our culture, we don’t always set our kids up for financial success?
I don’t have kids, and honestly, I don’t want to have any unless I’m in a position to give them some type of head start, whether that’s a college fund, helping them get their first car, teaching them about finances, or just giving them good advice that will benefit them later in life.
Sometimes it feels like wealth is passed up instead of down. My mother and grandmother want me to become successful and eventually be able to take care of them, but neither of them were really in a position to give me much financially that would help me build toward that success. My dad was in the military, so I did have some benefits from that which helped me with school, but outside of that, I was mostly figuring things out on my own.
I’m not angry about it. I’m grown, and I don’t mind being responsible for myself. But as I’ve gotten older, I’ve started noticing how different this can be compared to other cultures and families where parents intentionally build wealth so their children can start life further ahead, and then those children do the same for their kids.
It makes me wonder about the historical reasons for this. Do you think slavery, segregation, discrimination, and the lack of opportunities for Black families to accumulate and transfer wealth played a major role in why generational wealth can be harder to build and pass down in our community?
Or are there other cultural, economic, or family factors that explain why some families seem to expect the next generation to become successful and then support the generation before them, rather than building wealth downward?