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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.
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.
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
I want my parents to enjoy what they've earned and to have enough money to handle expenses of aging. I'm an anti natalist but I don't fault then for doing something that was expected by everyone at the time which was having kids, and they really did their best. I have dedicated my life to gerontology and helping the aging population. If humanity is going extinct, let's go out with compassion.
Ahh yes, the genereation widely know for being obnoxiously entitled, making obnoxiously entitled memes.
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.
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
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.
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 at my workdesk (or on the street if I become too old to work).