A tale of two sets of parents that I know.
One is ultra educated. A lawyer and a legal professional. Kid who is very smart, but not so good at the STEM stuff. Goes to get a masters in library science ("science" ... hah). Gets a job making about $45,000 a year in a place she doesn't want to live. No ability to save money or really get ahead in life. Has some student loans to repay unless Biden forgives them. 26 years old now.
One is the kid of a plumber who restores old cars on the side. High school dropout dad, mom with a diploma. Kid has been in and out of trouble. He's 19 now. Lives at home. Dad lays down the law after charges get dismissed on a diversion program: go get a commercial driver's license. Get a UPS job. Work your way up as a UPS driver. Live at home. You'll make $80,000 a year, set aside 15 or so for taxes, then stick the rest in an account. After 5 years you'll have at least $250 K saved. Move out, buy a house, get into adulthood in good shape at 24 years old. Or ignore me and blow probation and, whatever ...