Reply #7: Everyone is rebuilding their balance sheets. [View All]

[dkf]

Just think what you need to save to pass down the same way of life you had to your kids. That is a lot of money.

$2 million will do ok for you, but multiply that by each kid and that is a boatload of funds. I think most parents realize their kids won't be able to do what they did even at the upper middle class level, maybe especially at the upper middle class level.

No one feels safe, except at the Warren Buffet level.