Jason Bateman says people who inherit fortunes are often the cheapest people he knows: “They are the tightest people I know. Because they didn’t make that money, so they feel every dollar going out as one they’re never going to get back”
Posted by mcfw31
26 Comments
I mean facts. The most insufferable tightwad I know is from generational wealth. He never gave us a wedding present when we got married.
They just don’t have new money mentality.
I worked for a lot of old money in Dallas growing up.
It honestly was a mix. A lot of old money was incredibly generous, a lot were super cheap. Like crap quality things inside of a 10+ million dollar mansion.
A lot of the new money are assholes too, though.
The stereotype of kids with rich parents is the opposite of what Jason Bateman is saying. Most people would assume a person with rich parents is more likely to not understand how much things cost, nor how to budget, nor what it’s like to actually need to earn money. So they’re more likely to spend money since they assume their parents will always be available to replenish that money.
But I suppose there is a difference between kids whose rich parents gave them huge allowances throughout their childhood without requiring them to work, and kids whose rich parents didn’t spoil them to an absurd degree through their childhood and they just inherited everything later in life.
My best friend is someone who inherited a cool couple of million from her grandmother. She’s the most generous person I know. She definitely doesn’t hand out free money to everyone, but she’s saved my dogs life at a particularly terrifying (and outrageously expensive) vet visit, charges us very minimal rent, and uses the money for good wherever she can.
Neither her or her brothers will have kids, so their generational wealth will end with them. Her philosophy about it is that she might as well put it to good use while she has it.
And? Isn’t it a good thing? Save instead of splurging and diversify the investment
They “give back to the society guys, through their philanthropy” let’s not call to tax the rich
Depends how old they were when they got the money. The younger the worse with it they’ll be
the cheapest person I ever PA-ed for on a film shoot was an A-lister who also had unbelievably wealthy parents and grew up extremely rich from birth. she would try to claim a two dollar package of baby wipes back on work expenses then in the next breath authorise her kid to rent a helicopter for a weekend away.
Idk depends on the amount cause a lot of them can live off interest so they do keep getting the money back.
Pretty much theee opposite
My husband inherited money and he’ll think twice about buying a $10 game on Steam. But he’ll also buy me something frivolous I didn’t ask for but liked, without a second thought. So yes, he’s a little stingy but only with himself?
I know two different people who have inherited millions and both are the most selfish, greedy people I’ve ever met. And both BLOW through their money at a ridiculous rate…😅 So I feel like it’s probably a mixed bag and more to do with how you were raised than anything.
It’s the line between being protective and being cheap.
I think there are stingy and generous people at all levels of wealth and inheritance or not probably doesn’t change the person. My brother has loved to spend and Ive always been a saver. when my parents died we both got a decent inheritance and he continued to spend and I continued to save. (But I am thinking about splurging on an upgraded pad when I get new carpets, lol).
I’ll just leave this relevant [Robby Hoffman cold take](http://youtube.com/shorts/cYtZt33CnYw) here.
He knows he played one on screen. This is a factual statement not sarcasm BTW.
Idk this isn’t relatable
My mother in law is like this. She had a trust fund and it wasn’t a ton but enough so she stopped working in her twenties after having her first kid. Her husband did pretty well and now they have a solid nest egg but she is sooo stingy and weird about money. She’s always trying to pretend like they are poor but then goes on these lavish 100k vacations like 4 times a year. They wouldn’t give us any money for our wedding meanwhile my parents who have a lot less helped out. It’s off putting because I come from a family that has a lot less money but is significantly more generous. I never thought about the fact that she is this way because she doesn’t know how to bring in any money of her own.
Used to work for an upmarket supermarket in the UK in a very wealthy area, you could always tell the difference between ‘new money’ and inherited wealth/aristocracy. The people with family wealth would come in in their heritage brand clothing – if slightly scruffy, sometimes covered in dog or horse hair – they would look in you in the eye when they spoke to you and were generally interested in any advice you could give them. The ‘new money’ would walk in like they walked off the set of a season of Real Housewives of wherever – big branded clothing, sunglasses, flashy accessories, it was such and effort for them to speak to you, you were beneath them, reluctant to ask for advice.
This is tough because I work for a lot of people like this and it’s really hit or miss. Some are like this for sure but some think it’s infinite and spend like crazy because they were never taught how to budget the money
The richest person I know constantly brags that she has 2 mill in retirement money but always manipulates others into paying for her meals and things. When it’s someone’s birthday, she’ll ask everyone to pitch in for a gift but inflate the price so she actually makes money.
As someone who works in estate planning, in one of the richest areas in the country. 100%. I would say this is true for about 90% of our clients, they are also the ones who complain the most, and take the longest to pay their bills.
I observed the opposite. People who make their own money are a lot more stingy because they had to earn it. People who inherit their money splurge more.
This is not the case in my experience. I worked in wealth management and I was shocked my the frivolous spending of the children of our clients
What world is he living in??!