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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.
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.
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.
Oh yes, all that money spent on cruise liners will definitely distribute over society
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.
I'll certainly be out of this world long before I ever stopped to think about my retirement. That's my retirement plan.
They spent it on groceries then voted for an orange dipshit .
I mean I'm not crazy about inheritance anyway for some reason it gives me the jeebies.
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.