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.
“we set our money on fire and voted for trump. good luck” - boomers
Submitted 4 weeks ago by scrubbles@poptalk.scrubbles.tech to mildlyinfuriating@lemmy.world
https://poptalk.scrubbles.tech/pictrs/image/fef103af-673e-446b-898d-f1255b626610.png
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.
“we set our money on fire and voted for trump. good luck” - boomers
“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
You guys are getting a good luck?
More like … “Boomers decide to watch and accelerate the burning of the world because they’re going to die soon anyway”
I want my parents to enjoy the money they worked their entire life for. I believe work is meant to live, and not the contrary where you live to work. I would 10000x rather my parents enjoy the effort they put for their money instead of dying of exhaustion without being able to use their money
Posting this as infuriating seems grossly entitled. Many of us in these younger generations won’t have excess to give to the next generation, why should we feel that is owed to us?
You may be right, but at the same time, you getting an inheritance makes it allot easier for your kids to get one too some day.
We won’t have it directly because the boomers have decided consistently across the decades to leave younger generations with nothing. This is just the latest version of that, except now they’re doing it directly to their own children and yeah, it can smart. It’s valid to express frustration at a generation that was handed everything, is leaving nothing, and now they’re doing it in a more personal way.
Every other generation before and after them seem to be on the same page as far as accumulating enough to leave for the next generation so they can have better lives than you had. But not the Boomers, never them. They’re going to get theirs and they deserve to have ALL of it. The next gen can earn their own way just like they had to, after all. Even though they voted away all opportunities to do that, and passing along generational wealth has always been a big key to any kind of success.
My grandpa wants to go to space in his lifetime, but doesn’t want to spend everything he’s been saving for my us. I’m like…dude. You worked your ass off all this time. Go to fucking space.
Dying happy and accomplishing your dreams is much better than any amount of money because money is just a number. I have a good job and family and enough money that I don’t really have to think before buying something (even though for most i still do because I don’t like wasting and impulsiveness is a bad thing). I’ve seen and heard way to many stories of people delaying their retirement by “just one more year” and that ends up the year that they either get very ill, hurt themselves or just plain die, always with a huge pile of money. Money also shouldn’t be spent when old, because you cant enjoy it to the same degree
Sure and that’s fine, but then we need to stop as a society assuming that generational wealth is a thing, and that parents will help their children. Parents do not help with down payments like they used to, or with other major life events, and so we need to assume everyone is starting from zero
What on earth are you talking about? Generational wealth is not a binary thing. There are people rich enough to pass their fortune to their kids and then there are ones who can’t. That’s how it has always been and that’s how it’s always going to be.
How can we be there, with all the accumulated wealth in the world? How can we be seriously believing everybody should start at zero? I can’t believe what I’m reading here. Generational wealth is absolutely a thing, we inherit everything from the past. As a species, we inherit the wealth of the previous generation. Where are we imagining it goes? There is so much wealth in the global economy, the issue is of distribution.
Well, that really depends on the society. I don’t live in one that makes such assumptions. It feels a little bit entitled to assume something like that, but that could also just be cultural differences between developed and non-developed countries. The former have social security and safety nets, rendering an inheritance less important and much less prominent. Feels like the only inheritance worth even thinking about is if you have millions in excess of what you need for living, and in developed countries that is very much less prominent than in developing countries
The big caveat to this is if it is a lot of money. If it more than a few million it should be passed down and someone can live off of interest and some good investments.
I know a guy who technically doesn’t have to work at all because his family has been passing down a huge amount of money though the generations. I guess his great great grandfather struck it rich and now everyone is set. How the fortune is maintained is though legal stuff tied to the money in the form of wills. Basically it prohibits crazy spending and sets rules.
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.
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, 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.
He didn’t, though.
Foster Care, then they adopted me.
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
Congratulations on being a decent person even though your role model was not. It’s hard to break that cycle.
Congrats I guess? You sound bitter as fuck
Nah.
Not sure why you’d say that, but you can think what you want.
Happy holidays!
*without
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.”
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.
I know poor and wealthy people in every generation. Why aren’t we blaming the banks for the 08 crash, the politicians for taking away almost every social service and trying to take away more, and the psychopath CEOs who care about their dick measuring contests every quarter? This generational divide obscures the real issues.
Somehow, I grew up in the one neighborhood in the city that hasn’t had a spike in value in the last couple of decades. My mom refuses to move out to a retirement community (at this point she would need assisted living). She likes to talk about improving the property and what color she should paint the upstairs. Watches flipper shows all day.
I don’t have the heart to tell her that I have no interest in inheriting the property and that it will be a huge burden to liquidate all of the ‘antiques’ she has gathered over the last 80 years that now stink of cat piss and many colors of mold.
She’s always been there for me in my darkest hours, though, and so has that shit mid century ranch.
I’ll still let her win at Wheel of Fortune, as long as she can remember my name.
You’re a good kid.
Who the fuck downvotes this?
I’ll still let her win at Wheel of Fortune, as long as she can remember my name.
And then, after that, it’s Zeff’s turn to get the free spins.
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 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
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.
What’s infuriating about this? Why the heck should I inherit something I haven’t worked for? I’ve always told my parents and grandparents that dying with an empty bank balance is the ideal way to go. Hell, preferably be in debt.
It comes from a time where your whole family lived in the same house and the kids eventually take care of their parents. In todays system where people usually dont live with their parents for very long, it doesnt really make sense anymore. People need money long before they get to the age where their parents die. Getting a bunch of money at 30 is much more useful and long term impactful than getting it at 50-60. So inheritance is a flawed idea from the start.
Inheritance is a stepping stone to get out of poverty over generations. If the next generation can build upon it.
Inheritance from who? Your poor parents?
I feel like inheritance is more something that keeps the rich rich and not something that makes the poor not poor. In a sense, other people inheriting things is (a part of) what keeps poor families poor.
The family financial obligations have become obliterated in American society. It is no longer the case that parents are expected to help their adult children establish themselves in a home and it is no longer the expectation that adult children financially care for their parents.
The loss of an inheritance is part of that.
This apparently is a hard pill to swallow for some. They can’t wrap there head around having to work hard to eventually relax and enjoy life.
This is a very salty topic. It seems many are pining for their inheritances.
I agree with OP. I have zero material expectations of my parents. But, I do expect they return that grace and don’t use the past or possibility of inheritance to manipulate me. I’m very wary of codependence.
There’s nothing wrong with wanting to pass the product of your entire life to your offspring, surely. We can’t be so atomised. Where do you think it should go? Inheriting an empire is one thing, but why shouldn’t you be able to give your own house to your child? I say this as somebody disowned by their father.
My criticism isn’t aimed at parents who want to leave an inheritance to their kids. It’s directed at those kids who expect it from their parents, as if they’re somehow entitled to it.
Exactly my thoughts too. Life’s meant to be lived. Hoarding assets to save for an uncertain future is counterproductive even in terms of economy at large, if one’s inclined to think that way.
It creates expectations that don’t seem natural, and then leads to disappointments and bitterness when life does not go as planned, as it never will.
But then again, I get wanting to make things better for your children. But at least for me, it seems less prone to pure chance and circumstance if the efforts went into building a more sustainable, inclusive and supportive country to live in. And enjoy the ride while it lasts, since your pain and suffering will reflect on your children, want it or not. If things are tight and you get stressed from that, it’s always going to affect everyone around you, often negatively. If, instead, you could relieve that stress by not saving more than you need as a buffer here and now, or for something like a house (I.e not for some abstract future that might never come, for your children who might not live that far, but are here now, with you), that’s probably going to be much better for everyone. Smiles generate smiles and it’s not a zero-sum game. Life well lived is one with smiles, not one with fragile, ephemeral value of some sort stored away with sweat and blood.
But of course if there’s already too much to use realistically, why not do that then. But that’s an entirely different discussion altogether, if we ever should have something like that.
My boomer dad: you probably won’t get anything because I’m paying [i.e. using my retirement] to take care of my [100 year old] mother
Me: that’s understandable
Yes… That is their money. They should spend and enjoy it.
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
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.
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.
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 here 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, 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.
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.
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.
millennials may miss out
Love how that title makes it sound millennials are somehow to blame
No one should expect to inherit anything when their loved ones die.
The worst people are those that are too lazy to build something on their own, but sit around praying for their parents death so they can inherited and live an easy life.
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.
This is fucking dumb. I told my parents to spend it up. I’m not entitled to it
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.
My mother was a wonderful person, poor, and a boomer. She never had anything handed to her. We need to stop shitting on specific generations (it’s a distraction ) and target our hate towards the class divides between us instead.
My parents worked hard all their lives and have had very little to show for it. As much as I didn’t realise it at the time, I never really wanted for anything, but I’m sure my parents skipped meals on occasion.
Now they’re retired they have a bit of money from state pension and superannuation funds, as well as a bit my mum inherited from her parents. It’s still not a lot, but they’re able to live in the comparative luxury they always deserved.
A couple of year back they splurged and took a trip to the UK, which had been on their bucket lists since before I was born. They seemed to feel like they had to explain why they were spending the money, and I reassured them that it was their money, not mine.
My wife and I are in good, stable jobs and we don’t need their cash. Let them enjoy themselves while they still can.
my kids will take care of me when I’m older
with what?
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.
“Fuck you, I got mine.”
-Boomers
I mean, didn’t they do the exact same thing with the planet?
Guys, don’t buy into this. This is class warfare. This is the billionaire class trying to get young people angry at their parents instead of young people angry at the billionaires who are stealing from us all the time.
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”
man I feel that. It’s like raising a teenager.
“don’t do that, it’ll infect your PC.”
“don’t buy from there your card info will be stolen.”
“no, Biden isn’t going to round us up into camps.”
“now we have to call and get you a new debit card.”
“please don’t buy so much junk food…why? because you have diabetes.”
Reading this thread, I feel like having a nice rant:
“Waah, all our problems are caused by the boomers! They’re all rich and selfish, they had the easy life and got all the money and the houses and ruined the environment while our lives were ruined!” Keep believing that and stay distracted! while the oligarchy laughs it’s ass off at you.
Pay no attention to all those poor boomers who could never get a house, who are scraping to get by–those are the exceptions that prove the rule, they must have been especially lazy or stupid boomers, if they’re not rich like the vast majority of boomers! Yeah, that’s it.
Pay no attention to the corporations that have bought up all the housing so they can rent it to you at any price they like, that has nothing to do with housing costs–it’s the boomers who caused it! Yeah, that’s it.
Pay no attention to the oil companies and big corporations that control congress to keep their profits private and costs socialized so they can spew their effluent into the environment as the world burns and the ice caps melt, it’s the boomers who were too selfish to leave you their house when they died who are to blame! Boomers only started the environmental movement and demonstrated and pressured the government into creating the EPA, Clean Air Act, and many more, but so what, all the bad things are still their fault.
Stay distracted! Keep believing what you’re told and blaming who you’re told to blame as you get older and older and the boomers all die, and then enjoy how Gen B and Gen C, etc. hate you and rail against you and blame you for all their problems. Why didn’t you–yes you! stop global warming? You could have, but you didn’t give a fuck. You who had it so easy, living your selfish life with your fresh water and electricity and air conditioning and video games and all those nice things, while their lives were ruined? It’s all your fault!
Never the oligarchs, though. Not them.
[I can also do another version of this for the right wingers, substituting immigrants for boomers].
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.
Rooskie91@discuss.online 4 weeks ago
This is a bad faith take that only reflect the experiencs of the wealthiest boomers. There are elderly people struggling with Medicare and social security being cut. Remember, there’s not an age war, there is a class war.
boonhet@lemm.ee 4 weeks ago
It’s a class war, but many boomers are scabs.
Remember when there was a worker shortage and retired boomers went and volunteered at chain restaurants so they wouldn’t have to raise wages to attract workers? Remember all the “millennials are so entitled, they want to be PAID FOR WORK” style posts by boomers, back when some non-boomers still used Facebook so we had access to their posts?
It’s not their fault they’ve been brainwashed by right-wing propaganda, but they for sure are fighting against anything resembling economic justice.
And obviously much like any generation, you can’t make sweeping statements about them. There are right-wing nutters in their 20s and even their teens out there right now and there are obviously boomers who aren’t selfish assholes.
spireghost@lemmy.zip 4 weeks ago
Source on this? This sounds insane
enbyecho@lemmy.world 4 weeks ago
Worth repeating:
Remember, there’s not an age war, there is a class war.
David_Eight@lemmy.world 4 weeks ago
This is worth repeating on basically all things political, social, financial, etc.
There is no “_____” War, there is only a Class War.
captainWhatsHisName@lemm.ee 4 weeks ago
Oh good I was looking for this comment.
If this is really a Forbes article (it’s just a picture not a link), it is one of an endless stream of opinion pieces by monied interests that pit the populace against each other to distract what the billionaire oligarchs are doing.