Some studies just learn nothing in a very interesting way.
Live-Character-6205 on
Boomers had it easier than any generation before or after them. Their parents survived the Depression and WWII, then built an economy where you could afford a house and college on one income. Boomers inherited that, benefited from it, then pulled the ladder up behind them.
No_Philosopher_1870 on
The “I’m spending my children’s inheritance” bumper sticker has been sold for at least 30 years.
n4spd2 on
These type of articles just try to divide people to deflect from the criminals at top whom have immunity and favored protection from prosecution.
They want the little guys to blame each other and take their anger out on each other while harnessing the anger for votes so they can steal more. It the big money paid ads, political money, lobbyist. Its the people with billions of dollars and the crooked politicians.
Young vs old, light skinned vs darker, men vs women, poor vs middle class, religion, when you and your family immigrated. Wise up people.
If your parents cared for you, loved you, worked hard and saved wisely for later life, then you should be happy that they can take of themselves and not be a burden upon you.
Human0id77 on
More than that, they created an economic system that funnels resources from laborers to shareholders/investors. In general, this means they are funneling the value of the labor of younger generations to themselves.
TheBodhiwan on
Tell me about it. My parents inherited $100k when my grandfather died and they spent it all within a few months, on themselves, without telling any of us kids about the money until after it was all gone.
Glum-Birthday-1496 on
*”Average IRA balances for Boomers (ages 60–78) hover around $271,105, compared to just $111,524 for Gen X (ages 44–59).”*
The house may be paid off, but that average IRA is *not* great wealth by any stretch when you consider the cost of old age medical care. They could still be wiped out. I can understand holding onto the money.
My dad needed a medication that had been approved by the EU, but was years away from FDA approval. He used his money to purchase it from the Netherlands (legally with doctor approval) for 2 years until it was finally covered by insurance. It was just over $200,000 in total, and it arrested a progressive disease with no other treatment options. I don’t begrudge for spending down part of my inheritance at all.
9 Comments
That’s news!
Why should they spend their money any other way??
Some studies just learn nothing in a very interesting way.
Boomers had it easier than any generation before or after them. Their parents survived the Depression and WWII, then built an economy where you could afford a house and college on one income. Boomers inherited that, benefited from it, then pulled the ladder up behind them.
The “I’m spending my children’s inheritance” bumper sticker has been sold for at least 30 years.
These type of articles just try to divide people to deflect from the criminals at top whom have immunity and favored protection from prosecution.
They want the little guys to blame each other and take their anger out on each other while harnessing the anger for votes so they can steal more. It the big money paid ads, political money, lobbyist. Its the people with billions of dollars and the crooked politicians.
Young vs old, light skinned vs darker, men vs women, poor vs middle class, religion, when you and your family immigrated. Wise up people.
If your parents cared for you, loved you, worked hard and saved wisely for later life, then you should be happy that they can take of themselves and not be a burden upon you.
More than that, they created an economic system that funnels resources from laborers to shareholders/investors. In general, this means they are funneling the value of the labor of younger generations to themselves.
Tell me about it. My parents inherited $100k when my grandfather died and they spent it all within a few months, on themselves, without telling any of us kids about the money until after it was all gone.
*”Average IRA balances for Boomers (ages 60–78) hover around $271,105, compared to just $111,524 for Gen X (ages 44–59).”*
The house may be paid off, but that average IRA is *not* great wealth by any stretch when you consider the cost of old age medical care. They could still be wiped out. I can understand holding onto the money.
My dad needed a medication that had been approved by the EU, but was years away from FDA approval. He used his money to purchase it from the Netherlands (legally with doctor approval) for 2 years until it was finally covered by insurance. It was just over $200,000 in total, and it arrested a progressive disease with no other treatment options. I don’t begrudge for spending down part of my inheritance at all.