"Trust fund babies" refers to individuals, often from wealthy families, who receive financial support through a trust fund. A trust fund is a legal entity that holds assets for the benefit of a person, typically established by parents or relatives. This financial arrangement allows beneficiaries to access funds for education, living expenses, or other needs without directly managing the assets. These individuals may have significant financial security from a young age, which can influence their lifestyle and opportunities. While some trust fund babies may use their resources to pursue education or entrepreneurship, others may face criticism for perceived privilege and lack of independence.