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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 parents are land owners My grandfather owns a mansion My uncles are business owners and landlords
I have two siblings I have no clue what I'm going to be given and this will stress the fuck out of me
At least I have confirmation that they'll buy me a place for me to stay in Istanbul and those places aren't exactly cheap either
But what about my house in Denizli, apartment and shops in Eskişehir, farmland near Muğla, and the spa & hotel within Kütahya?
Its actually a good thing if these people are spending their money and not hoarding it and putting it in savings accounts to pass down. It liquidates money in the economy and should boost it. That said... If where you are taxes are shite and are redistributing the wealth properly it will all just end up in some far richer's bank account.
Jokes on you, i grew up poor and never had an expectation of shit.
Read the body of my post
Also they will spend it on expensive overpriced healthcare they voted for.
Stark self sufficiency and individualism is their philosophy. Too bad they forgot what their parents gave them so they could reach that point. Including the political atmosphere of unions and good paying jobs.
I mean, didn't they do the exact same thing with the planet?
"Fuck you, I got mine."
-Boomers
This is my parents. I found out from a relative that after my mom suffered an injury, that her husband was spending $2000 a month on fast food. Literally TWOOOOO THOUSAND dollars on fried chicken a month.
When the topic came up of them writing a will, they said that I'd be getting the family pictures. That's it.
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.
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 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.
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.
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.
The hospitals and retirement facilities plan to absorb every cent left.
Honestly, I'm young, and I know older people that would spend it better than their failkids.
That's not everyone, of course, but maybe instead of blaming people born at a slightly different time we should focus on being mad that there's no non-hereditary path to wealth in the first place.
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.
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.
Which is the big unspoken thing here: the only reason millennials/ Gen Z would even care about 'inheritance' is because everything has gone so fucking far to shit that it seems the only way to claw out of the hole they're being shoved into. It's turned into a lottery wish.
They can both be drivers of inequality, but the billionaire bullshit is by far the greater kick in the nuts.
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.
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.
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.
The people with millions and billions of dollars aren't spending all of it before they die. It's the old people with tens of thousands, maybe hundreds of thousands.
Oh yes, all that money spent on cruise liners will definitely distribute over society
In the same way that we should stop consuming media that blames everything on millennials, we should stop consuming media about how uniquely difficult it is for millennials.
Complaining about the younger generation, and the younger generation complaining that they have it uniquely difficult, has been the experience since the invention of teenagers. It was my experience, and it'll be the same experience when millennials are my age.
I'm sure that the younger generations were complaining right before the fall of Rome too, they needed to get over it, what a bunch of losers.
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
"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...
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.