I'm pretty sure all of us have given up on any boomer giving us anything anyway

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• gerryflap@feddit.nl ⁨9⁩ ⁨hours⁩ ago

  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.

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  • qarbone@lemmy.world ⁨8⁩ ⁨hours⁩ ago

    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.

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  • Kanda@reddthat.com ⁨8⁩ ⁨hours⁩ ago

    Oh yes, all that money spent on cruise liners will definitely distribute over society

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• GreenKnight23@lemmy.world ⁨14⁩ ⁨hours⁩ ago

  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.”

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  • CyberMonkey404@lemmy.ml ⁨14⁩ ⁨hours⁩ ago

    please don’t buy so much junk food…why? because you have diabetes

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    • zephorah@lemm.ee ⁨13⁩ ⁨hours⁩ ago

      There’s an odd mentality that you just need to dose more insulin, no big deal, when eating poorly with diabetes. Understanding is sometimes the problem.

      Here’s a better way to think about it in terms of body damage over time.

      Think of sugar as fuel, because it is. When you have diabetes you lack the capacity to regulate the concentration and intensity of that fuel once you ingest it. You can add other things to the mix that can and will help (insulin and various oral agents) but the efficiency and immediacy of the inherent system simply isn’t there when you have diabetes.

      Think of excess sugar in the blood as a caustic fuel that slowly (speed varies by individual as well as food consumed) burns out the vasculature (blood vessels) over time.

      This burn out due to excess fuel is why nerves in the feet die. Neuropathy is the official name for the numbness and tingling in toes and feet that diabetics generally, eventually, experience. The burnout is also why toe tissue dies and toes need to be amputated, along with a foot or even an entire lower leg with knee, depending. Eye tissue is another location hit particularly hard by this burn out effect from sugars.

      So there’s impact over time based on how much caustic sugar fuel you pour into your own bloodstream.

      Also, sugar is addictive. Like meth or heroin, people struggle with letting it go.

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• ATDA@lemmy.world ⁨6⁩ ⁨hours⁩ ago

  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.

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• HawlSera@lemm.ee ⁨2⁩ ⁨hours⁩ ago

  *will

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• Roopappy@lemmy.world ⁨7⁩ ⁨hours⁩ ago

  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.

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  • PresidentCamacho@lemm.ee ⁨5⁩ ⁨hours⁩ ago

    I’m sure that the younger generations were complaining right before the fall of room too, they needed to get over it, what a bunch of losers.

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• orgrinrt@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  I never really considered an inheritance an option. Seems so off-worldly to me, even though I am by no means from a poor family, just lower middle class.

  I think the entire concept of inheritance is something more prominent in developing countries like US or India, where there isn’t a well-established safety nets already in place by the government itself.

  Of course we have those too, I know a few who got something, but most of it gets taxed away upon receiving or vanishes covering the deceased’s debts, so I’ve never heard anyone I know get anything other than maybe a weekend vacation in the city next over or maybe a small chunk of student debt away.

  Then again I’m not very well-off, and I do know there are the upper class families that have a long standing generational wealth passing over to the new generations. I guess it really depends on the circles one’s in.

  But I still think it’s not as common here, at least I’ve never considered it to be normal, and I’ve known well people from upper middle class too.

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  • Brodysseus@lemmy.dbzer0.com ⁨8⁩ ⁨hours⁩ ago

    I’m from US and I re-read “developing countries like us or India” like 3 times and then I realized that you’re absolutely right.

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  • kuerbiskernoel@feddit.org ⁨15⁩ ⁨hours⁩ ago

    Many people inherit a house or a flat

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    • jj4211@lemmy.world ⁨12⁩ ⁨hours⁩ ago

      So I had a relative who passed, but saw it coming and tried to make some moves to make sure his only son was set up to take care of his wife, because his wife had never really had to “be an adult” and went her entire life without handling any bills or finances or anything. So when he passed at least his middle aged son would be there to handle things including their house.

      So he died and sure enough, she couldn’t handle independent living. So they decided to sell the house and she’d move in with another relative. So the rest of us are thinking “oh good, at least they cashed out in this crazy high real estate market to have a bit of a cushion”.

      However, no one thought about how little the middle aged son had to worry about things like housing and stuff. He never had to buy or rent a house, he had a hand me down trailer parked on a relatives land. He always had a used car gifted to him by and other relative getting rid of it. So he had no idea what he was doing either, thought a seller’s agent was a scam to take their money, and they ended up selling the whole house and land for about $50k before any one else had any idea that they were even thinking of selling.

      As well liked as he is, so much frustration when everyone has to take on a burden to help them and they make such a huge mistake that could have made things so much easier.

      Interesting to have a relatively large family to see all the scenarios play out. Also have a relative that is spending all his money and is mortgaged to his eyes, and another relative who lived like a pauper who turned out to have a couple million in liquidity in her 80s because she wanted her kid to be surprised when they got hit with a big inheritance.

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    • orgrinrt@lemmy.world ⁨15⁩ ⁨hours⁩ ago

      Unless they’re the sole recipient of a will (doesn’t seem very common), at least here those are almost always liquified and proceeds split according to the will. Doesn’t amount to much usually, though it might be different in countries that have very large and expensive cities.

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  • Krauerking@lemy.lol ⁨10⁩ ⁨hours⁩ ago

    People used to buy land and build a house on it and that was the inheritance. It could then be cut into smaller parcels and new homes built for the kids if they stayed close.
    And of course if you were wealthy it was businesses and trust funds which still occurs a lot these days.

    The middle class was partially stripped of its wealth by each generation giving less to the next

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  • Kuma@lemmy.world ⁨15⁩ ⁨hours⁩ ago

    I am with you I never considered that an option and I don’t want to think about it either. But I do think our parents gets/got a lot (depending on how our grandparents lived) more than we will. My grandparents left house and money and even a vacation house so my parents could put the sould houses and furnitures money into building their own house. My mom even gave me and my sister a bit to use to buy our first apartments. It is still money even tho it is pretty sad way to “earn” money… I assume your friends parents lived in rented apartments if there was not much left.

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• y0kai@lemmy.dbzer0.com ⁨8⁩ ⁨hours⁩ ago

  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.

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  • randon31415@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    Picture from your dad’s funeral

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• Encode1307@lemm.ee ⁨22⁩ ⁨hours⁩ ago

  This is fucking dumb. I told my parents to spend it up. I’m not entitled to it

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  • Dave@lemmy.nz ⁨21⁩ ⁨hours⁩ ago

    Yeah I find it a little funny that people complain about generational wealth and then complain about not getting an inheritance.

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    • Miaou@jlai.lu ⁨16⁩ ⁨hours⁩ ago

      Do you live in a country where every young adult is given a free home automatically?

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  • Clinicallydepressedpoochie@lemmy.world ⁨19⁩ ⁨hours⁩ ago

    You’re entitled to something. The world is cruel but it brought you in. People can’t be like fuck these kids to life and let them die in a ditch.

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    • Encode1307@lemm.ee ⁨18⁩ ⁨hours⁩ ago

      So my parents owe me their money because they burdened me with life? That’s an… interesting take.

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    • possiblylinux127@lemmy.zip ⁨16⁩ ⁨hours⁩ ago

      They can totally say that as its there money. If they want to hand off any of there remaining assets to charity or the sate they totally can.

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• blarth@thelemmy.club ⁨8⁩ ⁨hours⁩ ago

  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.

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• MITM0@lemmy.world ⁨12⁩ ⁨hours⁩ ago

  So the real question is, what should Millenials & Gen-Z do now

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  • stiephelando@discuss.tchncs.de ⁨10⁩ ⁨hours⁩ ago

    Change the entire system top to bottom to make sure everyone can thrive

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  • FartsWithAnAccent@lemmy.world ⁨8⁩ ⁨hours⁩ ago

    Die wage slaves?

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  • uis@lemm.ee ⁨11⁩ ⁨hours⁩ ago

    Spin it.

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• HeyThisIsntTheYMCA@lemmy.world ⁨8⁩ ⁨hours⁩ ago

  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.

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• Jackfinished@lemmy.world ⁨9⁩ ⁨hours⁩ ago

  Lol I had this convo with my parents, I told them it’s their money and I don’t expect to get anything.

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  • atrielienz@lemmy.world ⁨9⁩ ⁨hours⁩ ago

    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.

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    • Jackfinished@lemmy.world ⁨8⁩ ⁨hours⁩ ago

      Same, we will sell the house and other assets but it won’t be life changing.

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• adarza@lemmy.ca ⁨22⁩ ⁨hours⁩ ago

  my kids will take care of me when I’m older

  with what?

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  • scrubbles@poptalk.scrubbles.tech ⁨22⁩ ⁨hours⁩ ago

    Well that’s the question now isn’t it! But I’m sure I’ll be a failure if I’m unable to take care of (pay for) them

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    • troglodytis@lemmy.world ⁨21⁩ ⁨hours⁩ ago

      Not to worry, you’ll be a failure if you do

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  • droporain@lemmynsfw.com ⁨21⁩ ⁨hours⁩ ago

    A large heavy wooden club?

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    • Shardikprime@lemmy.world ⁨20⁩ ⁨hours⁩ ago

      clang

      Bring out your dead!

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    • possiblylinux127@lemmy.zip ⁨16⁩ ⁨hours⁩ ago

      That’s how I inherited my tremendous fortune

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• Presi300@lemmy.world ⁨8⁩ ⁨hours⁩ ago

  “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…

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• hungryphrog@lemmy.blahaj.zone ⁨17⁩ ⁨hours⁩ ago

  Damn, I wish my parents had an inheritance to waste.

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• halykthered@lemmy.ml ⁨22⁩ ⁨hours⁩ ago

  What doesn’t get spent on enjoying a retirement we will never get, will be claimed by medical bills from failing health. Generational wealth doesn’t apply to us, and no one is coming to save you.

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  • dan@upvote.au ⁨21⁩ ⁨hours⁩ ago

    medical bills from failing health

    Not everyone is in the USA.

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    • halykthered@lemmy.ml ⁨20⁩ ⁨hours⁩ ago

      True, some will be denied and will just rot, if they’re fortunate enough to have insurance to deny them.

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• OmegaLemmy@discuss.online ⁨4⁩ ⁨hours⁩ ago

  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?

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  • LifeInMultipleChoice@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    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.

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• headset@lemmy.world ⁨10⁩ ⁨hours⁩ ago

  Ahh yes, the genereation widely know for being obnoxiously entitled, making obnoxiously entitled memes.

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  • agent_nycto@lemmy.world ⁨9⁩ ⁨hours⁩ ago

    Which generation and memes do you refer to?

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• stoly@lemmy.world ⁨22⁩ ⁨hours⁩ ago

  Oh this is me. Their house is packed and they keep buying more shit and going on international cruises. We’ll get nothing.

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  • possiblylinux127@lemmy.zip ⁨16⁩ ⁨hours⁩ ago

    And that bothers you? Do you only care about money?

    Related Twilight Zone clip: www.youtube.com/watch?v=yMGJLZDLpUg

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    • stoly@lemmy.world ⁨2⁩ ⁨hours⁩ ago

      What a backwards and projecting take. Keep your pessimistic views to yourself.

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• irotsoma@lemmy.world ⁨4⁩ ⁨hours⁩ ago

  Stark self sufficiency and individualism is their philosophy. Too bad they forgot what their parents gave them so they could reach that point.

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• Blackmist@feddit.uk ⁨14⁩ ⁨hours⁩ ago

  How dare they raise you and then spend their own money?!

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  • Flocklesscrow@lemm.ee ⁨11⁩ ⁨hours⁩ ago

    I would argue that the stereotype is that most Boomer parents did not actually do much “raising.” They had kids out of some sense of obligation and then kept on focusing on themselves.

    Boomers, as a cohort, are incredibly narcissistic and obstinate.

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    • JasonDJ@lemmy.zip ⁨10⁩ ⁨hours⁩ ago

      Gen X and especially millennials are the first ones to be mostly raised by two working parents. We’ve been fucked since we left the womb.

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• WoodScientist@lemmy.world ⁨20⁩ ⁨hours⁩ ago

  Inheritance is weird. My partner and I stand to inherit a good bit when the parents on either side pass. Both sides of the family had successful middle class careers saved and invested well. Even considering the siblings on both sides, we could inherit an amount around $1M from either side.

  But it’s weird in two ways. First, it’s not something that can be counted on. On either side it could be completely eaten up by nursing home care and medical costs for our parents. So we’re not planning our own retirement assuming a windfall from inheritance. Second, on either side, unless they’re unlucky, at least one of the parents is likely to live into their late 80s or 90s. So we’ll already be in our 60s or 70s.

  In other words, while we stand to likely inherit a good chunk of change, it will come so late in life that we won’t really need it. Unless our parents die younger than expected, we will already be well into a fully funded retirement by the time they pass.

  I feel inheritance made a lot more sense in the past. A farmer or a craftsman would will their farm or business to their children. And that child would take over that business while the parent was still alive, but too old to work it anymore. The child got the business or farm, but in turn had to support the parent in their later years.

  But now? You’re basically just inheriting your parent’s house and whatever is left over of their retirement accounts. And you’re doing so at an age where it really doesn’t necessarily help you. Sure, if you yourself are unable to retire, then that windfall will be a godsend. But considering how wealth reproduces through generations, if you’re in a position to inherit substantial funds from your parents, odds are you probably have a pretty big nest egg yourself built up by then. The people who could really use an inheritance to fund their retirement are unlikely to have parents wealthy enough to give them one.

  But yeah, this is why I support strong inheritance taxes. For most people who inherit anything substantial, by the time you actually inherit something, you don’t really need it anymore.

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  • possiblylinux127@lemmy.zip ⁨17⁩ ⁨hours⁩ ago

    In my family the house was sold so that we could pay for the funeral. (Funerals are super expensive and the house was rotting)

    However, if you do get some money later in life you could always invest and grow it so that it can be passed down. By the time you die hopefully your kids will be responsible enough to manage it (I am assuming you have kids)

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  • Miaou@jlai.lu ⁨16⁩ ⁨hours⁩ ago

    This money you use to pay for your children or grandchildren’s college, house, whatever. Same as the last hundred years

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• ExhaleSmile@lemmy.world ⁨21⁩ ⁨hours⁩ ago

  Us child free Gen Xers on the other hand…

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  • johsny@lemmy.world ⁨21⁩ ⁨hours⁩ ago

    Same!

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• lemming934@lemmy.sdf.org ⁨22⁩ ⁨hours⁩ ago

  Inheritance is clearly societal ill, and even on a personal level, depending on inheritance might cause family troubles

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  • shalafi@lemmy.world ⁨22⁩ ⁨hours⁩ ago

    I’m suing my sister right now because her low life boyfriend talked her into short changing us. Then my mom died so I’m getting double. Yeah. Family troubles indeed.

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• lordnikon@lemmy.world ⁨17⁩ ⁨hours⁩ ago

  I don’t think what’s talked about enough is kids having the talk with their parents about not being able to take care of them when they get old because you can’t afford to take of yourself and didn’t save anything for retirement. So you hope SSN will be enough for them. I know my mother always asked me if I would take care of her when she got old.

  She would say that’s why she had kids. But I had to sit her down and run the math and I said it’s not about if I have the will or not it’s is it possible and the math just doesn’t workout and I have an okay job. I can only imagine what people lower down on the ladder are going through.

  There are a lot of boomers that about to get a horrible wake up call and a lot of heartbreak watching our parents suffer at hands of their own making.

  They will be drowning and some kids are going to jump in and get pulled under when trying to rescue them and the ones who know they don’t have to proper equipment. Stay out of the water and mourn the loss.

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  • myliltoehurts@lemm.ee ⁨15⁩ ⁨hours⁩ ago

    I’m sure there is more to it but telling you she had kids so you can take care of her sounds pretty bad - even though I know it’s not uncommon.

    I have had to have this talk with my parents as well since I moved to a different country at 19. I’ve told them to prepare for me not to be able to be around all the time, and luckily they have done that. It still feels selfish after so many years and they have been great about it, so I can understand this conversation being extremely difficult when the parents expect to be taken care of.

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• scarabic@lemmy.world ⁨18⁩ ⁨hours⁩ ago

  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.

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  • M1nds3nd@lemmy.ca ⁨9⁩ ⁨hours⁩ ago

    Exactly. Family should help family regardless, otherwise, can it even be called a family?

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• Itdidnttrickledown@lemmy.world ⁨8⁩ ⁨hours⁩ ago

  Mine didn’t. Gave it all to my golden child sister.

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  • Shardikprime@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    Good for her

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• Sixtyforce@sh.itjust.works ⁨13⁩ ⁨hours⁩ ago

  You’d be completely wrong.

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• drdalek@lemmy.dbzer0.com ⁨22⁩ ⁨hours⁩ ago

  A ton of it is going to scammers overseas too, even better.

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  • JustJack23@slrpnk.net ⁨15⁩ ⁨hours⁩ ago

    That gives me hope, it’s kind of like reparations

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• madthumbs@lemmy.world ⁨22⁩ ⁨hours⁩ ago

  I’m not quite a boomer, but I do see this generation as just wanting hand-outs. -Oh wait… that’s just how it appears online because they’re the ones with all the time to post about it.

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