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Brian23020ParticipantThis has happened more than a few times and is documented in both history and literature (Vonnegut’s ‘Dead Eye Dick,’ for one). What usually happens is more of a long-term (two or three generation) decline rather than a big drop. Trust funds that deep are soaked in property, CDs and other safe investments. But when a big ‘fall’ does take place, the kids usually don’t end up as waiters, but rather mid-level managers at their ‘old family friends’ companies. If they have the same genes that made their families money, they’ll rise back up slowly, though never reaching the apex again. If not, they’ll be just like every descendent of an English royalty that showed up in the United States between 1780 and 1800: indistinguishable from the regular populace within a few generations. I would disagree with the earlier posts that said these people wouldn’t have any survival skills. I was a scholarship case at a ‘rich’ private college. What the rich kids lacked (very obviously I might add) in what we would call common sense (don’t pay $5 a pound for hamburger at the corner store), they made up for in social skills with ‘their types.’ When it comes to an interview at grandpa’s drinking buddy’s investment firm, that’s what will count. Those places are full of those types, taking entry-level jobs sorting mail and making coffee. Some rise from there, some don’t.
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Name : Brian23020, Gender : M, Sexual Orientation : Straight, Race : White/Caucasian, Religion : Christian, Age : 26, City : Peru, State : IN, Country : United States, Occupation : journalist, Education level : 4 Years of College, Social class : Middle class,- AuthorPosts