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.

  • Jackfinished@lemmy.world
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    18 minutes ago

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

  • madthumbs@lemmy.world
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    13 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.

  • metaStatic@kbin.earth
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    13 hours ago

    Most people need to sell their estate to pay for end of life care, just tell your boomer parents they can spend their last days in whatever dumpster their meagre estate can afford and they might rethink their next cruise.

  • leadore@lemmy.world
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    11 hours ago

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

    That should work out since most boomers didn’t get anything from their parents either.

  • RBWells@lemmy.world
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    14 minutes ago

    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.

  • Shardikprime@lemmy.world
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    11 hours ago

    What’s the problem? One of the common complains on Lemmy is that they claim to ban inheritance, for everyone. So this would be the logical conclusion right?

  • ZeffSyde@lemmy.world
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    3 hours ago

    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.

  • WhatYouNeed@lemmy.world
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    4 hours ago

    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.

    • Free_Opinions@feddit.uk
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      3 hours ago

      My aunt talked her mom out of kitchen remodel because it’s going to cost so much (that she’ll get smaller ineritance then) while my grandmom, who already spends most of her time alone at home then can’t even spend her savings to make her surroundings a bit nicer.

    • milicent_bystandr@lemm.ee
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      2 hours ago

      Lewis Carroll has an interesting piece about that. Brings up the point that if someone works hard to benefit the community, and their wealth represents the response of the community to repay that person’s work, perhaps it’s not unreasonable that that person’s request is, “repay it to my children,” i.e. inheritance.

  • magnetosphere@fedia.io
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    12 hours ago

    I’m all for the average retiree spending freely and enjoying what they earned. They spent a lifetime working; it’s their money. Inheritance issues create way too many family disputes.

    • Flocklesscrow@lemm.ee
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      2 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.

      That said, I don’t particularly care about an inheritance; I want my Dad to live as long as he can and be happy and healthy.

      • JasonDJ@lemmy.zip
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        26 minutes 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.

        Boomers: Stay at home moms were the norm.

        Before that, huge families and “it takes a village”

        Nowadays, it takes three jobs to be able to afford daycare.

  • WoodScientist@lemmy.world
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    11 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.

    • Miaou@jlai.lu
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      7 hours ago

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

    • Possibly linux@lemmy.zip
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      7 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)

  • GreenKnight23@lemmy.world
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    5 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.”

    • CyberMonkey404@lemmy.ml
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      5 hours ago

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

      This one hit too close to home. My mum has diabetes, dad is close to it, I can’t get them to stop eating sweets

      • zephorah@lemm.ee
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        4 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.

        • Rekorse@sh.itjust.works
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          1 hour ago

          Theres also a ton of people, medical professionals included, that treat type two diabetes as a permanent problem with no possibility of reversing it. This leads to people focusing on the medication they need to take instead of the food they eat.

  • lordnikon@lemmy.world
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    8 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.

    • myliltoehurts@lemm.ee
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      6 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.