They’re spending all of the money that might go to our inheritance on themselves, but mostly because the medical system has figured out how to extract all of their money from them when they are near death through hospice care, assisted living facilities, and other means.
I personally don’t like the idea of inheritance in general but first thought that came to my head when I read this - every time I hear about the “great wealth transfer” that’s supposed to happen, I think nah, it’s all going to go to long term care and into the pockets of the people who own those places.
The Me generation has already pulled the ladder so high, that most of Gen X never made it onto even the bottom rung.
Their parents named them The Me Generation. They tried to stick that label on Gen X, not realizing that they didn’t have enough of us for us to ever be relevant.
The Greediest Generation will be taught about, as the people who were so shortsighted they sold out themselves and their next 5 generations of offspring.
Sell all their homes to corporation in a reverse mortgage, so they get the cash now and the homes stay off the market for young people.
Jesus fuck your right
A lot of the cash will go on healthcare. But a bunch will go on trips in retirement and other stuff…of course no wealth transfer any more except for the uber wealthy.
It’s a case of the young no longer having a large sun of money at once to buy a house while also taking housing off the market. This reduces supply and demand keeping prices somewhat affordable for corps but out of reach for people. Renting is the new serfdom.
I mean, young people can’t afford their houses, at some point something’s gotta give, or yeah they’ll sell them to corporations.
Tom Selleck, do your mustache magic
Fuck Tom Selleck
Corporate nursing homes milking them of all their remaining inheritable money.
And casinos.
Exactly this. I’ve seen it with two of my family members.
climate change.
Reverse mortgages.
My cousin’s neighbor got screwed by this. Thought he was inheriting the home et al - turns out the bank is coming in to take the home unless he can come up with a chunk of money he absolutely doesn’t have. Now he has to unexpectedly move.
Corporate slavery. Indentured indefinitely.
Climate change, although the younger generations aren’t doing much to help with that either.
My boomer relatives floated the idea of donating their estates to the mormon church upon their deaths, fucking their apostate kids out of any inheritance
You oughta see their gilded temples. They’re really hurting for money.
Isn’t it the richest church in the world
Wall Street is the richest church in the world.
Good observation 🤔
No one is owed an inheritance.
Yeah certainly not the fucking Mormon church though. Literally would rather it go to a crackhead at peak addiction so they can throw a $450,000 crack party then those fucks.
Bro 😔 I am so sorry. Assuming you are not a drug addict or something you didn’t deserve that.
Assuming you are not a drug addict or something you didn’t deserve that.
What a weird second sentence.
It’s been happening for a while. Aged care is very expensive, and is often secured with assets. These places will take all the hoarded wealth before it can transfer to anyone who needs it.
Some would say the answer is to not outsource care of our loved ones, but how do we do that without housing or job security, in an economy where nobody has the time for it?
There is also the faintest possible possibility that some sort of home health care robot will become available in the next 20 years or so, but it’ll probably be very expensive.
20 years?
You know boomers are already 70+ right? In 20 years they’ll all mostly be dead anyway and their wealth sucked up by medical debt and end of life care services.
Well then maybe Gen X will get them.
They’ve already done it. The environment is fucked for future generations.
they didn’t stop
To spite the libs, they’ll inflate the US dollar till its worthless.
Nope. Till, though an older form of the word, would be the acceptable term, with 'til being an informal shortening of until that’s used mainly in poetry for cadence (source).
My grammar allies have arrived!
Although frankly the spongebob guy with a board nailed to his head is also pretty much me.
I may not be perfect at it (at all, considering English is not my mother tongue), but I love grammar. It’s linguistic artwork.
Also, I love this alot lol
Dying and leaving us holding the bag.
Rather, dying and leaving it all to the few sycophantic offspring they’ve managed to brainwash to continue their legacy.
this… this is absolutely my exact life situation right now.
like we don’t agree about ANYTHING even though i am literally watching them suffer from the consequences of how they’ve been voting since they came of age (fuck Reagan)
why do i keep hanging out with them? because they have a boat? i don’t think it’s worth it anymore
ugh
they already did, decades ago. consistently voting with the republicans. like 1-2 generations ago, when they went with reagen, and then again with BUSH as the final act.
