I specifically mentioned trust-fund kids to hint at two things. First, their outcomes are not great. I don't have any links handy, but I think they are less successful and less happy than their peer group which is similar in terms of things like IQ and social standing, but doesn't have enough money and actually has to work for a living.
Is that a personal impression or a memory of research that you can't find at the moment?
Second, a recurring motif in how wealthy people try to bring up their kids is that they explicitly do not want them to have all the money they need just for the asking. The money is there as a safety net, certainly, but the kids are pushed to go out and earn money. The idea is the same -- the lack of external motivation does bad things to people.
This is consistent with a world in which "Adversity builds character" is a cached thought and in which a precise formulation of it is fact.
There's also the general correlation between socioeconomic class and Good Things. Particularly important in this case is the negative correlation between number of risk factors and various Good Things. I suppose you could postulate some sort of Simpson-like paradox to explain your impressions. But for me, this pattern matches way too easily to bat-to-head fallacy as applied to scarcity.
Is that a personal impression or a memory of research that you can't find at the moment?
Memory of research. I don't know enough trust-fund kids to have a personal impression.
"Adversity builds character"
We're talking about a slightly different thing: the need for external motivation. The point isn't that for proper character development you should spend your youth going to school barefoot in the snow uphill both ways. The point rather lies in establishing the pattern and the expectation that if you want something, you should be prepared to ...
Your job, should you choose to accept it, is to comment on this thread explaining the most awesome thing you've done this month. You may be as blatantly proud of yourself as you feel. You may unabashedly consider yourself the coolest freaking person ever because of that awesome thing you're dying to tell everyone about. This is the place to do just that.
Remember, however, that this isn't any kind of progress thread. Nor is it any kind of proposal thread. This thread is solely for people to talk about the awesome things they have done. Not "will do". Not "are working on". Have already done. This is to cultivate an environment of object level productivity rather than meta-productivity methods.
So, what's the coolest thing you've done this month?