<prompt> Human: The millionaires have trust funds but why not the middle class? Compound interest has an exponential effect, so couldnt a lifestyle of moderate live-below-your-means habits result in your children never having to work? I suppose very few people do this because all or most of their saved money goes directly to their own retirement, so theres little left over for a separate fund. Are there glaring financial reasons this wouldnt work? Could I start a fund now, contribute modestly but regularly, not spend it in retirement, and after 60 years make my family wealthy?If yes, why dont people do this more often?  <response>: and after 60 years make my family wealthy?Its hard for most families to prioritize spending that would be realized primarily when their grandchildren would be entering middle age. What was your own family doing in 1956? 