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For people who complain about the current generation of children and 20 somethings... who raised them? There is no such thing as the "Greatest Generation" or at least we haven't seen them yet.
My parents have helped support me in tough times (i.e. college and helping with a downpayment on my first home). I do not have children yet but I already have money (even stocks ugh) set aside for future potential kids. If I have done well I want to do well by my children. There is absolutely nothing wrong with that. If you create an unsustainable brat while doing that you have failed at parenting elsewhere. Wealth is only created through passing finances down through generations. And everyone know what happens to simply the "rich".
Baby Boomers are definitely the most self-centered generation in history.
All the Baby Boomer parents I know have already given their kids college educations and in some cases, down payments for their adult children's houses. Self-centered? Not true at all.
I think a bunch of people who sit around and write articles and whine about how they aren't going to get money when mommy and daddy die are FAR MORE self-centered than the boomers.
Amen to that! For the record, my (divorced) Baby Boomer parents are 50/50 on the issue... my mother doesn't have much to leave, aside from a generous life insurance policy, but my father has the means & intent to leave us plenty. And no, I do NOT expect or feel entitled to anything, just saying what I know of their future plans - and I know more than I probably should, since my attorney sister wrote their wills.
That being said, I would be happy if they're around for another 20+ years... so hopefully I won't be getting anything anytime soon. And if they did manage to spend it all (or left me/us out of the will), I'd be fine with that too. The best things they've given me have been a good education, opportunities, and the desire to be self-sufficient and successful. So I don't really need their money, and would feel no resentment if they left nothing behind. After all, THEY earned it!
Are baby boomers being selfish, they might have lived through a couple of rough patches but overall the economy they grew up in is better than then the one their kids live in today.
"My goal is when they carry me away in that box that my bank account is going to say zero," Willison said. "I'm going to spoil myself now."
Then why did you post that comment with no additional information in a thread titled "Baby boomers don't plan to leave their children an inheritance"?
No need to add more additional information because I tend to become THE target of more idiots who are affiliated with certain groups. I can list more about the Baby Boom generation besides being self-centered.
No need to add more additional information because I become THE target of more idiots who are affiliated with certain groups. I can list more about the Baby Boom generation besides being self-centered.
So you post things randomly in threads and expect people just go with it?
I'm guessing plenty of baby boomers couldn't leave anything behind if they wanted to. Most of us X & Y'ers are gonna be hard pressed to throw away all our parent's worthless junk before the banks foreclose on their houses and credit card companies start harassing us about their unpaid bills.
BWAAAAH!
Quote:
Originally Posted by Wayland Woman
All the Baby Boomer parents I know have already given their kids college educations and in some cases, down payments for their adult children's houses. Self-centered? Not true at all.
Ditto. The main character in that story put her kid throug med school, and now says she's not going to deny herself a trip to China to have more money to leave said doctor. I think that's good thinking.
From the article:
Many boomers already are giving the equivalent of an inheritance, except they're doling out the cash while they're still alive, said Ken Dychtwald, chief executive of research firm Age Wave.
They're supporting elderly parents, adult children or other family members who are suffering professional or financial woes.
That's selfish? Coulda fooled me!
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