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.
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.
It is a class war but boomers provide political cover the the ruling class to destroy the country
There is no war but the class war, full stop.
The boomer I see sleeping on the sidewalk every morning is more a victim of capitalist fuckery than I’ll ever be. There’s no war but the class war, everything else is secondary.
Yes that one boomer is a victim and many of are also victims but at same time they spout what tv told them as gospel when you bring up any issues within system.
If they want ally with the working class good, but as a group of people I don’t see anything like this.
But most of them lack proper education or they think it is not in their self interest to demand any serit reform.
They are not allies as a group of people and many of them nk longer work either. So they don’t care for working class struggle.
Don’t make excuses for the bourgeois, fight them
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.
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.
Especially since it’s the billionaires ending SS
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Those are the sort of parents I left in the past, I feel you with a lot of that.
As for the grandkids, feel free to use my excuse. “I can’t afford them”. (Partially because I have to support one of them, but also kids are freaking expensive). So they can whine about not having grandchildren all they want. Kids are now 800k+, who can do that?
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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.
This is my parents. I found out from a relative that after my mom suffered an injury, that her husband was spending $2000 a month on fast food. Literally TWOOOOO THOUSAND dollars on fried chicken a month.
When the topic came up of them writing a will, they said that I’d be getting the family pictures. That’s it.
Holy shit that’s a lot of chicken
Edit: if he’s getting a 10 dollar meal that’s 200 orders of chicken. A 31 day month with 3 meals has 93 meals meaning over double what a person typically eats. If you get a 18 piece bucket looks like the price might be between 62 and 100 bucks. Let’s say 62 for fun that’s approximately 32.25 buckets or 516 pieces of chicken a month. I mean I like chicken but damn not that much
Late edit: if we can assume a chicken yields 7 pieces of meat 2 leg 2 wing 2 thigh 1 breast we can extrapolate that man was eating about 78 chickens a month. If you count the breast as 2 which it is commknly butchered as it would be 64.5 whole ass chickens a month
Yes… That is their money. They should spend and enjoy it.
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.
Yah! Refocus!
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 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 mom: 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. For me, two generations ago my great grandparents (second Gen immigrant) had accumulated over a million dollars in straight cash.
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.
That sucks, I’m sorry. For every person who’s given an unfair advantage by a parent there’s some that get shafted.
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.
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. “ you spent the money you worked for? Boo hoo hoo, I wanted your money though “
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Seems like completely consistent behavior, and it reflects accurately on them.
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So the real question is, what should Millenials & Gen-Z do now
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