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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.
The people who are cool with this going "why shouldn't my parents enjoy what they made, why would you want anything you didn't work for?" are sort of missing the point. The real phrasing, that they probably would agree with, is "why should I support my children and future generations, my enjoyment is more important than their survival and secured future"
If you really think that you should only get what you work for, give back every Christmas or birthday present or any gift you've gotten or are getting in the future immediately. Turn down any bonus you get at work. Hell start paving your own roads.
Supporting others, especially family, is a good human trait, and shouldn't be erroded.
I grew up in the boat of not ever expecting any type of inheritance. Then my dad remarried and it is a thing, and that discussion that makes me really uncomfortable. I am in the first camp. I don't feel any sense of ownership or entitlement to that money.
She wants to go on a fancy trip to Bali? Good for her.
New car? Awesome.
He raised me, that was his responsibility. He did a great job and that's all I needed.
I am sure there will be something left but I'm not hedging all of my bets on it. Work bonus stays with me, though.
I'm sorry if this is worded weirdly; my dad passed away two years ago and I am still getting used to the past tense.
Lol my dad left me everything he had when he died. So, I got a truck.
When my mom goes, my sister and I might get to split a house we don't want that's on its third or fourth refinancing.
I guess if your parents don't have an inheritance to give you just never consider not getting one to be a problem.
This is my parents. I found out from a relative that after my mom suffered an injury, that her husband was spending $2000 a month on fast food. Literally TWOOOOO THOUSAND dollars on fried chicken a month. Boomers are awful.
Yeah, my parents go on regular vacations all over the world, have redone their kitchen THREE times in the last decade (along with every room of their entire 3000 sq ft house), and can't be bothered to help me out when I encounter a major expense.
I don't know what they think is going to happen when they are too old to take care of themselves, but I can barely afford to take care of my immediate family so there's no way in hell I could support them too. Hope they set aside some of those fat stacks of cash for a nursing home because my retirement plan is dying poor at my workdesk (or on the street if I become too old to work).
Minor suggestion. Try dying poor at your boss's desk. You have nutrients and minerals that can be extracted for our use, don't be a hog.
In the same way that we should stop consuming media that blames everything on millennials, we should stop consuming media about how uniquely difficult it is for millennials.
Complaining about the younger generation, and the younger generation complaining that they have it uniquely difficult, has been the experience since the invention of teenagers. It was my experience, and it'll be the same experience when millennials are my age.
Yeah, one of my parents likely isn’t getting anything from theirs, but the other did, and I’m sure they’ll have it all spent. My wife’s family is the same; the generational wealth ends with her parents. We’re fucked, as a whole generation.
Isn't that better anyway? Inheritance makes the world less fair, as children of rich parents will get a huge advantage. If that money is instead spent, it hopefully distributes over society again instead if staying in the rich families.
It's obviously not that black and white, getting some money is a great help to you get people. And obviously a parent will want to help their children, that's totally fair. But as a larger trend it doesn't seem like a bad thing to me.
The people with millions and billions of dollars aren't spending all of it before they die. It's the old people with tens of thousands, maybe hundreds of thousands.
Oh yes, all that money spent on cruise liners will definitely distribute over society
My mom just wanted to make enough to spend it over her lifetime, and that seems fair to me. She got nothing from her parents and had to support her own mom in her old age, and didn't want to cost us anything.
I would argue that inheritance is a huge driver of inequality. I have gotten small amounts from the estate of my dad's parents (my dad died when I was 16) and a childless relative and even those amounts jumped us ahead some, I can imagine what some huge amount unearned would do - but it's just that. Unearned.
Middle class families passing down inheritance is not a driver of inequality.
A dozen individuals controlling 60% of the wealth in America is.
Yeah but how did they get it, and who will get it when they die? It's like a feedback loop.
They can both be drivers of inequality, but the billionaire bullshit is by far the greater kick in the nuts.
Inheritance is still inequality in that those receiving it did nothing to deserve it.
"We aren't gonna give you any inheritance"
"I'm not gonna give 2 fcks about you when you become too old to care for yourselves"
I'm not saying that my family's like this but sounds fair to me...
Mine didn't. Gave it all to my golden child sister.
The hospitals and retirement facilities plan to absorb every cent left.
Suckers I inherited a cane from one side and a watercolor of a dog from the other. Behold my wealth and cry into your lentils. My lentils are salty enough.
Lol I had this convo with my parents, I told them it's their money and I don't expect to get anything.
I will get stuff because that's what my parents own. They don't have large amounts of liquid cash but my dad owns his house and my mom owns lots of antique furniture (passed down from her family) and jewelry (she has a problem with buying shiny gold and silver pieces). But there's also 8 of us kids so the likelihood is that we each won't get much in the way of any real inheritance even from what they do have.
It's easier for most everyone involved to just let them live out their lives using what they have earned along the way. So I told my parents pretty much the same thing. Take care of yourselves. We'll be alright.
Same, we will sell the house and other assets but it won't be life changing.
My father was extremely open about his plans to spend it all. My in laws as well. I did get a small inheritance once, a few thousand dollars from a great grandpa that went to me because the legal battle for it outlived my mom. I hope I get sentimental things from my grandparents because that's the remainder of my incoming inheritance
My dad just died destitute and my mother will probably have nothing when she passes. I’m ok with that, I am my own person. People complaining about losing out on inheritance are fucking spoiled brats. “ you spent the money you worked for? Boo hoo hoo, I wanted your money though “
This is a flippant and unproductive comment that ignores the fact that we have a culture of passing down what you have to your children so that they can have a better life than you had - something many of these boomers benefitted from.
I get not everybody is entitled to it but it’s kind of considered a major goal for a lot of Americans to do that for their children. Which means it reflects poorly on the boomers who have said “nah fuck you” after also pillaging our future for their wealth.
Seems like completely consistent behavior, and it reflects accurately on them.