Morgan Housel

Right, exactly.

My wife and I had this experience like a year or two ago where we were thinking about buying a new car, one of which, one of the options that we could buy was a pretty nice car.

And I had this thing of like, let's say that our two kids 20 years from now want to be kindergarten teachers.

And because of that, the car that they might be able to afford is a Honda Civic or whatever, a much more modest car.

Have I ruined their adulthood to some degree because I set their expectations that in childhood, mom and dad drove this, but now when I'm an adult, we got to drive this.

And I think there's just such an inherent natural thing of like parents, I want to raise kids who are going to do better

than we did, not just financially, but in many aspects of life.

And I think the children want to have a generational growth pattern as well.

They want to look back and be like, man, I grew up here, but now as an adult, I'm here.

Like, amazing.

Feels great to surpass your parents.

I think they're probably wrong about that in general.

Of course, there's going to be lots of examples where that was the case, but I think they tend to, I would bet that they would be wrong about that.

Now, I think it is true that even if statistically and analytically my kids will be living a better life than we are, particularly for things like medicine, I think by comparison, they won't appreciate it in greater degrees than we didn't appreciate our progress because of social media.

Because they have only known an era in which not just there are some, but there are literally tens of hundreds of millions of people on Instagram who appear to be

Richer, happier, smarter, more successful than they are.

You can so imagine a world in which even if you are living like a Saudi prince 50 years from now, someone online is doing it better.

And so you're sitting there in your gold palace, so to speak, feeling down about yourself.

And so you can easily imagine a world in which the growth rate of expectations just becomes exponential because of social media.

And Jane's got a Bugatti kind of thing.