Chapter 5 - Economic Outpatient Care (EOC)

"Their parents did not provide economic outpatient care."
 
Why most gift receivers in general have a lower propensity to accumulate wealth than do nonreceivers. (152-157)
1.  Giving precipitates more consumption than saving and investing.
2.  Gift receivers in general never fully distinguish betwen their wealth and the wealth of their gift-giving parents.
3.  Gift receivers are significantly more dependent on credit than are nonreceivers.
4.  Receivers of gifts invest much less money than do nonreceivers.
 
Whatever your income, always live below your means.  (161)
 
The more dollars adult children receive, the fewer dollars they accumulate,
while those who are given fewer dollars accumulate more.  (168)