Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

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[quote=Anonymous][quote]
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.

NP. My parents aren’t Boomers but I legitimately don’t see how people don’t understand why Millrennials/Gen Z/Gen Alpha feel enraged that no matter how hard they work they will never have the ability to build wealth the way previous generations did.

Who do you think is going to inherit the houses and 401k balances of boomers?

Real answer: private equity and asset management firms that own housing vulture funds, nursing homes, hospital networks, and physician practices.

Nope. Our multimillions will be going to our two millennial kids. We bought LTC insurance. DH and I inherited nothing from our parents. We know many families like ours. The kids will be alright.

Np but if you live to 90, your 60 year old kids won’t need your millions. They needed it when they were 30[/quote]

And at age 60 the parents have 30 years left to live. You don't know what will happen during those 30 years. LTC insurance is not some kind of magic bullet. Most of them have limits and only pay out so much. Life is still unpredictable. The parents could live to 100. The stock market could crash. Anything can happen. Nobody can be glib about life.
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