People assume trust-fund babies are spoiled 20-somethings born with silver spoons — but they’re not always who you think

wealthy kidsMartin Hunter/Getty Images

A trust fund is simply a fund that holds assets, like cash or investments, typically set up by a parent.
Trust-fund babies, the recipients of that windfall, are often stereotyped as over-privileged, spoiled twenty-somethings with no responsibilities.
While trust-fund babies may have the security of reliable income, some do not live lavishly or have the sense of superiority society assumes.

Trust-fund babies — a group of over-privileged, spoiled, adult-children that people love to hate. At least, that’s what society is led to believe.

The trope goes something like this: While the world hunches over their desks grinding away for a steady paycheck, people with trust funds are jetting off to Bali in the middle of the week on a private plane or dropping their parents’ money on a quilted Chanel bag — basically acting like any of the Rich Kids of Instagram.See the rest of the story at Business Insider

NOW WATCH: The simple rule this couple follows to avoid fighting about money

See Also:

The 20 US cities where shoppers save the most moneyThe top 15 cities around the world where people get paid more to work lessIt’s official: Rich people are relying on their rich parents

SEE ALSO: How my husband’s trust fund affects my life

DON’T MISS: How much money you have to earn to be considered rich in the biggest city in every state


Read more: feedproxy.google.com