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.
deleted by creator
Haha, that was long spent before I was out of grade school.
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.
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.
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!
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
Probably the rest of us won’t last much longer than them now anyway.
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.
I’m relying on my inheritance from my mum to get a house, but that’s mostly from selling her house, I’m sure her actual savings will be quite low by the time that comes around.
*will
My thought is that if you’re going to give money, don’t wait until you die. The earlier you help someone, the more of their life it can improve. Help your kid buy their first house or something. Then spend everything before you die.
Exactly. Family should help family regardless, otherwise, can it even be called a family?
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.
“we set our money on fire and voted for trump. good luck” - boomers
You guys are getting a good luck?
“we love voting for trump despite being poor as fuck because we are complete morons that have been brainwashed by andrew tate and joe rogan clips on tiktok” -gen z men
class issue, not age issue. though i do understand getting frustrated at people who fall for the grift
My dad - who was an amazingly racist conspiracy theorist - gave all his money to 2 redhead women he started fucking after divorcing the woman he married after my mom died.
He chose not to leave me anything because I called him out for using the “n” word any time he talked about African Americans.
I’m out $150k
He is out having a legacy. My kids will never know his name, story, or hate.
Congratulations on being a decent person even though your role model was not. It’s hard to break that cycle.
*without
Congrats I guess? You sound hateful and bitter as fuck
Nah.
Not sure why you’d say that, but you can think what you want.
Happy holidays!
Edit: This comment was intended as a sarcastic way to say “Your father’s awful parenting failed to turn you into an awful person”, but it was both phrased poorly and in the event based on false assumptions. Read the replies. I’m leaving it up for context.
Well, at least he fathered a decent kid, it seems. I don’t think it was his intention for you to turn out so decent, so I wouldn’t give him credit for that, but I guess he did something right despite all his efforts.
No this reasoning is flawed and used as an excuse for bad behavior. My father justified his alcoholism to himself by pointing out how independent all the kids turned out since he was useless, or how good we were with money because we could sense a scam from a young age as he was always trying to scam/manipulate us.
You can teach someone to cross the road by explaining the dangers and process to them, or you can teach them by driving enough cars into them that they either figure it out themselves (and carry the scars forever) or die. That doesn’t make you a good teacher
I think you missed the “despite all his efforts” - I’m trying to make a backhanded defense, along the lines of “You were a shit parent, but hey, your kid was alright, so I guess you failed”, but I phrased it awkwardly.
I very much know your position though. Someone close to me had a similar issue with their parent, who forced them to become self-reliant since the parent in question was neglectful at best.
No, some people just raise up to the task.
I hate this idea that parents “did something good” if they are pieces of shit but their kids turn out good. Especially if there is no evidence of it. Why people feel the need to do that is a mystery for me, like protecting the bad guy at any cost.
Oh no, I’m not saying he did good. I’m saying he failed to do bad.
Sorry you got caught in the crossfire, but you did say, out of the blue:
I guess he did something right…
Right = correct. Not necessarily “good.”
It is the “correct” thing to obey the law, but since not all laws are good laws, obeying the law isn’t always “good.”
You’re missing the point.
Yeah, you’re right, the phrasing was awkward - the “despite his best efforts” was an attempt to subvert that sentence, but I guess it didn’t land.
No problem, I was probably nitpicking too.
It’s a valid thing to point out, important even to add context and nuance. I can’t know whether my point gets across right unless someone tells me, and I’d rather have someone point out where I could be misunderstood.
Have a nice week!
He didn’t, though.
Foster Care, then they adopted me.
Uhhhh at least… they…
nah, I got nothing. I can’t even muster a sarcastic backhanded defense for poor foster parents. Fuck that guy, and I’m glad you turned out well despite him.
You’re a good person. I don’t normally share, but I feel I should.
I was put in foster care when I was 6/7 (I don’t remember well).
When I was 12, after 7 foster homes, my parents lost all parental rights. I was put up for adoption.
At that time, I was still with one of my brothers in a foster home.
We were told a couple was interested in us. We meet them a number of times, and had a few weekends at their place to test run it. They weren’t great, but they weren’t worse than other foster homes, so we decided to give it a try.
My brother lasted about 9 months before asking to go back to foster care. I decided to stay, because I was tired of moving.
I was adopted at 14, and moved out on my own at 17. I was tired of being reminded I was broken in some ways.
Fast forward to me being 21 and in the navy. We start talking again. By then I was beginning to learn what I now consider my personal morals. He was still racist. I wasn’t.
Fast forward to a few years ago. He’s still wildly racist. More so than before. I am now a very liberal person, advocating for homeless rights foster youth assistance, LGBTQIA+ rights, and equality all around. I have finally had enough. I call his bullshit out. About 2 years passes, and his 14th heart attack takes him.
That was 2 years ago. My oldest is 24. My next oldest is 18. They never met him. I just couldn’t bring myself to introduce them to the old school hate.
I was tired of being reminded I was broken in some ways.
I grew up strongly religious. There’s only so much “You’re a dirty sinner and all your suffering is God’s plan” you can take. I think I know how you feel.
his 14th heart attack
Damn, even Death really didn’t want him, huh?
They never met him. I just couldn’t bring myself to introduce them to the old school hate.
I think that’s the right choice. I wish the best for ypu and yours.
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.
millennials may miss out
Love how that title makes it sound millennials are somehow to blame
I don’t see that. To me it reads as guilt tripping the parents for wanting to spend the money they themselves earned.
It is one thing if a kid’s parents just does not have the means, but the article points out that some baby boomers (maybe more commonly in a the west?) can have tendencies to be spiteful toward people deemed less. Maybe this happens more so in WASP culture.
I’m personally of the belief that if I ever chose to have kids, that I would see it to the end that they felt supported, regardless of their age. The kids themselves didn’t ask to be born.
A lot of cultures who have these values, I notice, have kids that thrive a lot more. I have some friends from east Asia, and they all were encouraged to be independent and pursue meaningful careers. Their parents support them intensely, and help with investments and other forms of support.
My biological father’s family is Jewish (nonreligious). My first cousin is very successful and I know has been set up to have a meaningful career, because my aunt let her live at home during graduate school, and paid for her graduate degree in speech pathology. She will inherit the house she grew up in.
I grew up in WASP culture on my biological mother’s side, and my mom has the attitude that she wants nothing to do with me, especially after I turned 18.
Indeed, OP is a stupid take. For all the shit boomers pulled off with this planet, spending their own money is a good thing.
Yeah they should be allowed to burn everything they ever touched and take it with them when they go. Or maybe we even build giant stone triangles for them and put all their stuff in there with them.
Them getting to spend all the money scraped from the rest of the world and leaving a bleaker version behind us so justified. They put in all that effort and who cares about next generations anyways.
Common phrase of course:
“Cut down all the trees you planted in life so that nobody but you can ever sit beneath it’s shade.”I don’t think you understand what “spending money” means. It’s a good thing because one of the bigger problems in today’s world is wealth-hoarding - accumulated wealth grows and when it’s spent, it actually helps the economy, by people earning money from the services / manufactured products bought.
Unfortunately, in the USA, spending money usually means handing it over to the ultra wealth hoarders
Unfortunately, in the
USADSA, spending money usually means handing it over to the ultra wealth hoardersLet’s not kid ourselves and call them “united” anymore. Anyways, this is lemmy.world, not lemmy.dsa, so while I am pretty sure that even in the DSA, spending money helps the economy, I was talking global.
How? “Missing out” means you’re the one who is negatively impacted. It also says and Gen Z. Not sure how that could be interpreted otherwise.
I eat far too much avocado toast to save for retirement or college. I’m happy to spend my twighlight years drinking myself to death under a highway overpass.
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.
