Dad has a Doctorate and mom has two Bachelors and a med tech certification. None of us have them beat, so surpassing our parents isn't happening in my family. My sister and I have BA's and my brother a high school diploma. I have the most with a bunch of credits beyond my bachelors, but I never completed my masters and don't plan to. My oldest has a bachelors and is contemplating getting an MBA. My younger son has two bachelor degrees and also a computer tech certification. My family has always been pretty educated since most of my grandparents had certifications (two teachers, an LPN and a pharmacist) before degrees were required for everything.
DH on the other hand, is the first college grad is his family. On that side only our kids and one other nephew have degrees or any kind of certifications. His mother (now 73, so it's not like she's super old) never felt the need to complete her high school diploma or equivalency.