B2 – Upper Intermediate
They say that starting your children off right could lead to generational wealth. Many parents save and invest so their kids can do better than them. They believe that saving up for their children could set them up for a better, brighter future.
Watch the video about some parents talking about saving millions for their children.
Vocabulary Questions:
- What does “generational wealth” mean? “Starting your children off right leads to generational wealth.” Use the term in a sentence and give a synonym.
- What does “full-ride scholarship” mean? “I went to South Carolina State University on a full-ride tennis scholarship.” Use the term in a sentence and give a synonym.
- What does “back-of-the-envelope calculation” mean? “I did simple back-of-the-envelope calculations in an Excel spreadsheet on how much I needed to be happy and comfortable; and maybe to raise a family.” Use the idiom in a sentence and give a synonym.
Discussion Questions:
- What is your opinion about parents saving all their money for their children and their future? What might be the pros and cons when parents do this?
- Is this practice a commonplace in your country/culture? Talk about it.
- Do you agree or not, “Starting your children off right leads to generational wealth.”? Share your thoughts.
- What would you do if you were born into generational wealth? How different do you think your life would have been?