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Money and Finances
Reply to "Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles"
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[quote=Anonymous][quote=Anonymous]This boomer once had a 17.25% mortgage and never had one in the 3% area. My husband also got drafted and had to fight and get wounded in Vietnam. He didn’t want to go but he didn’t have an option and he did his duty. We have set up very well funded 529 plans for all of our grandchildren. We gift our kids a lot of money every year at Christmas and they will inherit a great amount of money. I inherited very little from my parents and my husband deferred his inheritance and it went to our children. Yes, our children and grandchildren are very lucky and unlike OPs crowd they are very grateful. [/quote] This is very generous of you. You sound more like my greatest generation grandparents vs my selfish boomer mom. She says she’s going to spend all of her (inherited from her parents) money before she dies and hasn’t offered to contribute one penny to her grandkids’ education like her parents did for my generation. [/quote]
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