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You're Being Gaslit By Generational Wealth

Thanks to Betterment for sponsoring this video! Get started, be invested, Sign up in minutes: https://www.betterment.com/influencer... In our March video essay, Chelsea investigates two different realities splitting Americans down the middle: growing up with generational wealth, and growing up without it. So much of what we perceive as a "normal" American experience is actually the product of having a financially privileged family, and we need to talk about it. Thanks so much to our interview guests, Paola and Sarah! SOURCE LINKS: https://www.investopedia.com/generati... https://pmc.ncbi.nlm.nih.gov/articles... https://www.cnbc.com/2017/08/03/riche... https://www.cnbc.com/2017/08/03/riche... https://www.npr.org/sections/money/20... https://news.ucr.edu/articles/2023/09... https://www.attigo.com/news-and-insig... https://www.robertwalters.us/insights... https://www.harvardmagazine.com/2023/... https://www.housingwire.com/articles/... https://financialpost.com/news/homebu... https://nypost.com/2024/07/08/real-es... https://comptroller.nyc.gov/reports/s... https://www.madisontrust.com/informat... https://www.businessinsider.com/most-... https://www.vanityfair.com/news/story... https://upward-mobility.urban.org/fra... https://mylifesite.net/blog/post/the-... 00:00 Intro 02:46 Ad break 10:52 The privilege of being a kid 18:09 College: affirmative action for rich kids 27:49 The cost of making connections 34:11 How generational wealth ruins the housing market 40:02 When did childcare get so expensive? 48:15 Conclusion Join this channel to get access to perks:    / @thefinancialdiet   The Financial Diet site: http://www.thefinancialdiet.com Facebook:   / thefinancialdiet   Twitter:   / tfdiet   Instagram: https://www.instagram.com/thefinancia...