The article discusses how financial realities in New York have shifted, highlighting the increasing reliance on parental wealth among the younger generation. A personal anecdote illustrates the surprise when a financially struggling friend buys an apartment, prompting reflection on socioeconomic disparities. It emphasizes the pervasive presence of 'parent money' across various sectors, from real estate to arts, suggesting that many young people can only afford the city's lifestyle through familial support. The narrative critiques how this dynamic shapes cultural landscapes and access to opportunity, ultimately questioning the equity of the urban environment.
"For the first time in a long while, it feels like the only people who can truly live and thrive in New York City are those with parent money."
"When you see a friend go from broke to buying an apartment, you realize how different the definitions of financial stability have become among peers."
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