Affluent people earn big incomes but have correspondingly big expenses. Big houses, flash cars, eating at fancy restaurants, etc. All those behaviours are status competitions. e.g. my car is faster, more expensive, etc.<p>Thus in turn, their children are also part of their status as success. Having a child who went to an Ivy League and works at a top NY firm is accorded far more allure of success than somebody who dropped out and travels with a backpack painting landscapes. Even if the latter leads a far happier, healthier, more sustainable life.