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.
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.
Yes… That is their money. They should spend and enjoy it.
That is their money.
In 2022, 65% of people ages 65 to 74 had debt, up from 50% in 1989. In 2022, 53% of households headed by someone 75 or older had debt, compared to 32% in 1992.
In fairness, this article is pure bait. It neglected the rising cost of living for people on fixed incomes and treats these draw downs on savings as a frivolity, rather than a consequence of inflation on senior care and medical needs.
But liquidating household assets via instruments like reverse mortgages and loans against large savings accounts and pensions can mean saddling your children and grandchildren with big debts even after you’re gone.
Yeah, the money is mostly spent on medical care, getting scammed and retirement homes. Capitalism is making sure all that money goes to the 1% before it ever gets to you.
They also voted for Bush II’s wars with money borrowed from a generation that couldn’t vote yet.
I’m just thinking about my own experience, but my parents are blue collar Democrats, so no they didn’t. They just worked hard their whole lives and are enjoying their well earned retirement.
Boomers are a large group of people, hence the name, from diversified backgrounds. I believe people are trying to start a generational war where we need a proper class war.
Yah! Refocus!
I wouldn’t go that far, but I see little evidence that young people deserve it more.
Lemmy seems to be pretty mad about their allowance, basically. It’s weird, usually the vibe is more that everyone else works at a FAANG.
Honestly, my mother, born 1961, received $250K in 2000 when my great grandparents passed. my grandmother, has always bought things for my mom: cars, car repairs, her insurance, grocery shopping, and a few vacations over the years.
My mother has not so much as ever taken me shopping, not even when I was a kid. My other parent, the broke one, bought us everything. My mom, did stretch her inheritance pretty far, but only because her parents helped her out with month to month stuff. It annoys me to no end.
She’s spent the last 15 years convincing my grandmother, her mom, to spend it all. And she has. For me, two generations ago my great grandparents (second Gen immigrant) had accumulated over a million dollars in straight cash.
I’ll get nothing. If my family actually had love there- if my mother actually took care of me and her other children, I wouldn’t be mad, id understand. That’s not how it went down. My mom spent every, has nothing but a new car left now, the last thing my grandmother bought her, the inheritance gone and she’s now a part time babysitter, after not working 30 years. She was on disability too, this whole time, my entire youth, for get this- mental health. I got to therapy every week still to this day to address my childhood and continued struggles, the same as she did, but she got disability in the 90s when everyone could sign on easily it seems. Her whole life paid for.
I haven’t spoken to her in closet to 7, 8 years now. I can’t imagine my story is unique when it comes to the subject.
My husbands parents are the opposite of my mother, both types of people exist but it’s infuriating to go through what I have with my family. To literally watch your “generational wealth” get flushed.
That sucks, I’m sorry. For every person who’s given an unfair advantage by a parent there’s some that get shafted.
Probably the rest of us won’t last much longer than them now anyway.
It’s not their money. It’s rent money they stole from the next generations by being parasites hoarding property as an investment.
And you have the option to do the same, or you don’t, its up to you
You’re right, oblivious rich 20 year old. Everyone can be a landlord.
Oblivious .ml account
Watched my mom work her ass off to raise me and save everything she could for retirement. She got to do some fun things, but not enough. I’m glad she had good insurance and a little money saved for when she got sick. I inherited a house with a mortgage, taxes, insurance, and repairs that are bleeding me dry and I’m pulling money out of my retirement to cover it. I’m thankful that it’s given my son a decent place to live for the last year and i hope to break even when we sell it. I’m fine with that. I didn’t earn it. I didn’t take care of her for money. If you’re only helping your family because you want money, you suck and they’re probably better off without you.
First of all, my parents have never had much if ever at all in the way of savings. Tbh not sure what’s going to happen when they aren’t going to be able to work anymore.
But I’m with you. I absolutely never understood why people ever feel like they are entitled to their parents money. Your parents earned that, not you. If my parents were never able to leave me a dime, I wouldn’t give a shit. Even if they had a million dollars. I didn’t earn that. I have no right to someone else’s money.
I would feel different in scenarios where we are talking about a minor. If a 12 year old becomes orphaned, then yes, they should 100% be entitled to their parents’ funds.
But why in the everliving fuck do people as adults feel entitled to money that is not theirs and they didn’t earn? Incredibly bizarre concept to me.
But I’m with you. I absolutely never understood why people ever feel like they are entitled to their parents money. Your parents earned that, not you.
I think the biggest implication here is that they didn’t earn it entirely. That they at least inherited something from their parents. Which would have given them a leg up and they refuse to pay it forward.
Obviously that’s not the case for everyone. For instance, my entire family was poor as far back as I am aware of. None of them had shit or got shit or were able to have a good retirement. So obviously I don’t expect anything from them.
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.”
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
“This memorable reminds me of the cash I inherited from my grandpa”
Us child free Gen Xers on the other hand…
Same!
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 don’t think rejecting Christmas gifts is on par with telling your parents not to enjoy themselves because you want their money when they die.
I’m going to spend my money and wealth as I see fit. I will not raise my children to bank on me dying before they turn 60 (realistically they’re gonna have to deal with me for a long time) so they can inherit some sum of cash.
For context, I never expected any inheritance from either parent when they died. Neither did I get anything except for a pair of gloves.
Ah, so passing on the tradition of not supporting your children, got it
Yep, that’s the plan! When they turn 12, they’re on their own. It should be fine because they’ll have to hunt and gather their own food by 2.
I’m setting up my kids for their own success. 529 plan, lessons in work ethic and social skills. I donate often, and might leave some funds behind but real support shouldn’t have to be monetary.
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.
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.
Haha, that was long spent before I was out of grade school.
Unless things go terribly wrong (and they might) my daughter stands to get a second house and a quarter of a million $
No offense my guy but a quarter mill and a house will probably be easily eaten up but your end of life care. Regardless I hope you have that set up in a trust for your daughter so she doesn’t have to pay taxes on it if there is something left.
“End of life care” is entirely optional. I’m not going to waste away in a hospital bed, that’s for sure.
Well in that case get a good life insurance policy and read the fine print when you’re figuring out how to “opt out” of that end of life care
I mean, didn’t they do the exact same thing with the planet?
To be fair, the silent generation is not guilt free on that
I was sexually/otherwise abused by my mother for most of my life. When I brought it up to family, I was basically told to shut up about it/“go to therapy.” They spent thousands torturing me in troubled teen facilities, and provided me with nothing for college (which I paid for with multiple jobs and sex work.)
I will never own a house. I spent almost two years after my divorce to just be able to afford an apartment. My family has never valued me - I will not give them the comfort they denied when it is the end. My entire life has been a hell.
Ouch. I’m sorry to hear that. Wish I could offer you better help than, condolences and understanding from the other side of the internet.
My family tells me “write a book then I will read it” and I just keep thinking:
Assholes, maybe instead just listen to me when I tell my stories you want to ignore so badly.
They couldn’t even be bothered to spend thousands on me though and more than once in my life I have just been dropped off at street corners with hopes that I would disappear from their lives.It sucks. While I may not know you, I know similar pain and know it’s never easy. I hope you find comforts in the little things around you.
You could tell them instead of writing it to us
I was sitting in the room while my friend’s dad was having a argument with his horrible dad. The horrible dad threatened to write him out of his will, and my friend’s dad respond, “Why do you think I’d want 1/6th of fuck all anyway?”
I wouldn’t be so blunt with my mother about things, but every time she talks about inheritance I encourage her to just spend the money on herself. Anything will be spilt between 7 kids overall (3 hers, 4 my late step dad). She is holding on to an expensive ring because my very well off, money hungry sister, has basically demanded it, so I’m working behind the scenes to try get her to sell it so she can invest in making her last few years that much easier.
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.
“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…
