Lucky for me my parents were both “I didn’t save anything for retirement, my kids will take care of me when I’m older”, so I don’t have to suffer through this.
I’m pretty sure all of us have given up on any boomer giving us anything anyway
That should work out since most boomers didn’t get anything from their parents either.
Oh this is me. Their house is packed and they keep buying more shit and going on international cruises. We’ll get nothing.
And that bothers you? Do you only care about money?
Related Twilight Zone clip: https://www.youtube.com/watch?v=yMGJLZDLpUg
What a backwards and projecting take. Keep your pessimistic views to yourself.
More like … “Boomers decide to watch and accelerate the burning of the world because they’re going to die soon anyway”
“I got mine.”
my kids will take care of me when I’m older
with what?
Well that’s the question now isn’t it! But I’m sure I’ll be a failure if I’m unable to take care of (pay for) them
Not to worry, you’ll be a failure if you do
Hey, now you sound like them!
A large heavy wooden club?
That’s how I inherited my tremendous fortune
clang
Bring out your dead!
Inheritance is clearly societal ill, and even on a personal level, depending on inheritance might cause family troubles
I’m suing my sister right now because her low life boyfriend talked her into short changing us. Then my mom died so I’m getting double. Yeah. Family troubles indeed.
Most people need to sell their estate to pay for end of life care, just tell your boomer parents they can spend their last days in whatever dumpster their meagre estate can afford and they might rethink their next cruise.
I get the anti Boomer sentiment, but the reality is many of them are very decent people.
My dad passed this year and now it’s just my mom left. She has a net with of about 2M. I’m doing just fine myself, And she gets by on about 70k a year (half of that goes to rent). I keep telling her she should spend more money on things that make her happy, but she’s good with what she has and doesn’t feel she needs more. She doesn’t want to travel and she has everything she needs.
Just because the boomer generation has left us with a dumpster fire, doesn’t mean that there isn’t a wide distribution of people within that age group. The truth is only a handful of us have the power to change anything and the rest of us are just trying to get by and get the most out of life that we can.
What’s infuriating about this? Why the heck should I inherit something I haven’t worked for? I’ve always told my parents and grandparents that dying with an empty bank balance is the ideal way to go. Hell, preferably be in debt.
Inheritance is a stepping stone to get out of poverty over generations. If the next generation can build upon it.
I feel like inheritance is more something that keeps the rich rich and not something that makes the poor not poor. In a sense, other people inheriting things is (a part of) what keeps poor families poor.
The family financial obligations have become obliterated in American society. It is no longer the case that parents are expected to help their adult children establish themselves in a home and it is no longer the expectation that adult children financially care for their parents.
The loss of an inheritance is part of that.
Inheritance from who? Your poor parents?
Exactly my thoughts too. Life’s meant to be lived. Hoarding assets to save for an uncertain future is counterproductive even in terms of economy at large, if one’s inclined to think that way.
It creates expectations that don’t seem natural, and then leads to disappointments and bitterness when life does not go as planned, as it never will.
But then again, I get wanting to make things better for your children. But at least for me, it seems less prone to pure chance and circumstance if the efforts went into building a more sustainable, inclusive and supportive country to live in. And enjoy the ride while it lasts, since your pain and suffering will reflect on your children, want it or not. If things are tight and you get stressed from that, it’s always going to affect everyone around you, often negatively. If, instead, you could relieve that stress by not saving more than you need as a buffer here and now, or for something like a house (I.e not for some abstract future that might never come, for your children who might not live that far, but are here now, with you), that’s probably going to be much better for everyone. Smiles generate smiles and it’s not a zero-sum game. Life well lived is one with smiles, not one with fragile, ephemeral value of some sort stored away with sweat and blood.
But of course if there’s already too much to use realistically, why not do that then. But that’s an entirely different discussion altogether, if we ever should have something like that.
Edit: there’s a distinction I failed to emphasis enough, between a realistic and very worthwhile buffer of saved value for unexpected situations, which everyone should of course have, and saving for no reason at all, other than just having excess that isn’t needed for anything, to maybe if one’s very lucky pass on down the line.
Saving assets and value isn’t bad. But saving it for no practical reason other than inheritance, takes that value out of circulation and makes everyone in your economy worse off. If that’s important to you. But more importantly, it often means a life less well lived, and often one full of stress, tiredness and one with less time actually spend with your family and close ones in general. Which is enormously more negative in impact than any amount of money in excess, or lack thereof, could ever have when you finally die.
This apparently is a hard pill to swallow for some. They can’t wrap there head around having to work hard to eventually relax and enjoy life.
This is a very salty topic. It seems many are pining for their inheritances.
I agree with OP. I have zero material expectations of my parents. But, I do expect they return that grace and don’t use the past or possibility of inheritance to manipulate me. I’m very wary of codependence.
It comes from a time where your whole family lived in the same house and the kids eventually take care of their parents. In todays system where people usually dont live with their parents for very long, it doesnt really make sense anymore. People need money long before they get to the age where their parents die. Getting a bunch of money at 30, to establish a life/family, is much more useful and long term impactful than getting it at 50-60. So inheritance is a flawed idea from the start.
There’s nothing wrong with wanting to pass the product of your entire life to your offspring, surely. We can’t be so atomised. Where do you think it should go? Inheriting an empire is one thing, but why shouldn’t you be able to give your own house to your child? I say this as somebody disowned by their father.
My criticism isn’t aimed at parents who want to leave an inheritance to their kids. It’s directed at those kids who expect it from their parents, as if they’re somehow entitled to it.
I’m genuinely not sure what the ethical position is. Maybe they are. Having watched a generation squander the massive wealth gains of what will likely be a unique economic boom, I don’t necessarily think the consumption of that wealth in the name of “living” - often a euphemism for hedonism - is something to be celebrated.
When my grandparents passed away they left my boomer mother a fully paid off duplex…
Which she immediately reverse mortgaged to fund her retirement because she has nothing.
A house my grandmother designed, and great grandmother financed and built, where 4 generations of my family lived and literally died, will be pissed into the wind when my mother dies.
“Generation Me.”
I don’t think what’s talked about enough is kids having the talk with their parents about not being able to take care of them when they get old because you can’t afford to take of yourself and didn’t save anything for retirement. So you hope SSN will be enough for them. I know my mother always asked me if I would take care of her when she got old.
She would say that’s why she had kids. But I had to sit her down and run the math and I said it’s not about if I have the will or not it’s is it possible and the math just doesn’t workout and I have an okay job. I can only imagine what people lower down on the ladder are going through.
There are a lot of boomers that about to get a horrible wake up call and a lot of heartbreak watching our parents suffer at hands of their own making.
They will be drowning and some kids are going to jump in and get pulled under when trying to rescue them and the ones who know they don’t have to proper equipment. Stay out of the water and mourn the loss.
I’m sure there is more to it but telling you she had kids so you can take care of her sounds pretty bad - even though I know it’s not uncommon.
I have had to have this talk with my parents as well since I moved to a different country at 19. I’ve told them to prepare for me not to be able to be around all the time, and luckily they have done that. It still feels selfish after so many years and they have been great about it, so I can understand this conversation being extremely difficult when the parents expect to be taken care of.
Damn, I wish my parents had an inheritance to waste.
In other words, the rich are eating the middle class. They will buy up all property and normal people will be permanently priced out of the market. They have no reason to sell.
Guys, don’t buy into this. This is class warfare. This is the billionaire class trying to get young people angry at their parents instead of young people angry at the billionaires who are stealing from us all the time.
Especially since it’s the billionaires ending SS
It would be the billionaires stealing the inheritance in this case. Just another trick to siphon money upwards.
“we set our money on fire and voted for trump. good luck” - boomers
“we love voting for trump despite being poor as fuck because we are complete morons that have been brainwashed by andrew tate and joe rogan clips on tiktok” -gen z men
class issue, not age issue. though i do understand getting frustrated at people who fall for the grift
You guys are getting a good luck?
My grandparents from one side of the family left me nothing, and the other side left two weeks rent. I know the direct descendants come first but at least give the grandkids 15% or something, it would have helped so much. We’re all working twice as hard to afford half the lifestyle our parents had
