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[quote=Anonymous]https://www.nbcnews.com/business/consumer/generational-wealth-transfer-baby-boomers-cant-save-gen-x-millennials-rcna128099?utm_source=pocket-newtab-en-us

This is DH's family. His parents are fairly well off, accumulating money in the era when one could live in an amazing house in a great school district for a fraction of what one can today.

But they have also burnt through a lot of money. Some of it is because they shelled out a lot over 15 years to snowbird in increasingly expensive houses in FL for longer periods of time as well as take some big ticket trips as a couple over nearly the same period. A lot. That's probably the biggest source of expenditures. At the moment, LTC covers a lot of the home care for FiL, but MiL now extending the coverage to 7 days/week and IDK if the insurance will cover that additional amount. I do worry that they will run out of funds before a CCRC or similar arrangement comes on the horizon. Think they based their budget on sharing a room as one set of grandparents did, but now MiL not willing to share a room, even a 1 BR, in one of those settings. That's why running up costs on travel might not have been so prudent.

We are pretty much fine. We can pay some, but will chafe if we end up into the high 6 digits (maybe more) for them. SiL not in same situation. They will not be able to contribute and they are also banking on an inheritance. They are not profligate with money, but also not so savvy in understanding how much CCRCs, nursing homes, etc, cost. SiL has even gone so far to say she only wants cash from estate, not property. Now it's not clear there will even be that.

And the kicker is MiL, who is generally very nice, but loves to say "we are going to spend it because you can't take it with you."  She also doesn't get how expensive life has become for families over the last 30 years and how her daughter could really benefit from a bequest.

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