Yikes to the anger in this post. But, maybe the problem is not only wealth transfer but the systems in place -or lack thereof- to assist families in reasonably and humanely deal with aging family members. It's kind of a tragedy, imo. And I don't know why we accept it. |
No anger here Traditional wealth transfer was the system in place (from father to son, including a profession and all skills from early on), which got dismantled due to changes in the society (industrial development, WW2, women entering workforce, technology) and resulting economic growth. It's over, but the old refuse to believe it, holding on to what's theirs and demanding more. How do you deal with aging family members when you live 1000s miles apart having built up your own life from scratch, which took decades, have a family and young kids? You have a mortgage, student loans, pay for daycare, schools, save for college? You don't, it's impossible. Realistically, the old will very likely overwhelm all systems: healthcare (hospitals and AL), financials (social security), housing market (staying in place), you name it. Add to this long life expectancy. We accept it, because we don't know what else to do, there has never been a society with so many old people holding so much wealth living so long. Most likely it'll indeed evolve into technology based care for us (robots) and we have to get used to it. Just like we got used to kids' daycares and all-day schools. We don't expect our kids to do brain operations on us, we also need to get used to the reality that lawyers, doctors, college professors or anyone else who spent years getting their life on track are not the people who are going to buy our groceries, clean our houses or change our diapers. I can guarantee you'll not be able to manipulate current young to the same degree as us middle-aged folk with your "moral obligation" talk. Because moral obligation also used to work both ways. |
In what universe has a parent “provided nothing” to the children they raised? And your little transactional take on how families work makes no mention of love or responsibility. What a sad, hallow human you must be. |
Not my parents and ILs. They moved in with their offsprings. Contributed to the household financially to cover their part and also to ease the running of the household. They kept in touch with their siblings, nephews and nieces, ILs, through WhatsApp. They are valuable members of the family. My dad and FIL, died peacefully at home. They had medical attendants to look after them and their near and dear ones were with them. They were visited by their siblings and ILs. They kept in touch with their friends and family.
BUT, they are from a different culture where multigenerational living is the norm. |
Oh, do I have bad news for you! Your whole life is a representation of transactions of one kind or the other. In fact elder care itself is based on a social contract between generations, where everybody contributes to raising the children and in return they get taken care of when old. You don't seem to understand this. I'm not surprised, because you probably have no experience with a multigenerational household. The point is, taking care of minors is not the achievement you seem to think it is, especially the type of care now where kids go from daycares to all-day schools. You're literally obliged to provide this care. In a society where the young take care of the old, the old contribute to the ADULT children. It includes the transfer of (most) wealth before they die (yes, material as well as knowledge, remember when people considered the old wise?). It also includes the transfer of POWER. In a multigenerational household the head of household is the adult child, not the old. So this entitles considering your adult kids actual adults (not constant critique), getting along with your adult children (especially daughter-in-law, who in most cases does elder care), contributing ACTIVELY to childrearing (day-to-day when living in a multigenerational household and before that, remember when kids used to spend their summers at grandma's?), teaching the adult kids all necessary knowledge and provide finances to actually adult (no failure to launch, women knew how to cook and take care of the house, men knew household fixes, this IN ADDITION to providing knowledge/finances for jobs), and often, surprise-surprise -- arranged marriages, because a marriage of your son or daughter into another respectable family provided stable lifelong households. Are you perhaps surprised why family matriarch used to have such influence on their kids finding spouses? Does it make sense now? In other words, elder care is not some kind of lotto win at the end of your life. It's a culmination of your contribution to your own family OVER your lifetime. So it's not that the young are not doing their part (why are my adult kids not taking care of meeeee, not moving in with meeeee, not doing what I want!), it's that the current old in most cases have dropped their rope. You must be one of them. |
Cancer caused by toxins in the environment, global climate change catastrophes, unchecked pandemics, unvaxxed children dying and human unrest will cull the herd. |
I’ve had three friends in their early 60s die recently from aggressive cancers. All fit and looking forward to enjoying their retirements. |
. You are exhausting. |