Are Oldest Children Really Bound To Be Wealthier?
2:00 pm, February 24th | by Hillary Reinsberg
There’s always lots to discuss when it comes to talking about birth order — about what it means to be an oldest or youngest or middle child. Here’s a new one: experts say oldest children are bound to the most financially stable.
Experts say that oldest children are likely to pursue careers like “medicine, law, accounting and engineering, that wield larger paychecks than your younger brothers and sisters have.” They also say it’s possible that oldest children will be more financially responsible and can have higher credit scores.
Do we buy it?
Sure, there’s a point to be made in saying that many oldest children learn to be leaders and trailblazers, but do they explicitly veer towards higher paying careers? Seems like a too-wide generalization to me. I know all too many families (including, dare I admit, even my own — oldest child speaking here) where this just doesn’t apply.