Reply to Parents being flippant about inheritance

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Reply to "Parents being flippant about inheritance - is it a trend?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No one in my family ever has money to pass down.  But I think it’s a larger trend across generations of putting yourself first.  People don’t want to care for elderly parents in their homes.  People with money feel like they should spend it on things they enjoy.  People in general now spend more money on things like luxury items, travel, etc., than people did in previous generations.  It’s not just the elderly—it’s everybody putting their own mask on first and establishing boundaries etc.  most people aren’t going to give up on a vacation to Europe so that they can leave an inheritance for their kids or so that they can buy a bigger house with an in law suite.  That’s just not how people think anymore.  [/quote]

Hmmm, I do think this is a more recent trait/phenomenon. There was about a decade difference in ages between my parents and my ILs. My parents were shaped by the Depression/WWII and my ILs too young to remember WWII. My parents, who had far less money than my ILs, were fairly thrifty and definitely had a sense of sacrifice based on how they grew up during the Depression and the war. My ILs, especially my MiL, are definitely not that way, including my MiL bragging that she plans to spend it all as "you can't take it with you." DH is not that way and am grateful. I hope we can leave money for our children and we plan our lives with the hope that will be possible. [/quote]

I had one cousin snort away her trust fund, and another had a very extended adolescence spent flying himself around in his private plane until his dad was ready to hand over the reigns of the family business, and then my cousin ran it into the ground.  Not exactly success stories.  Other relatives of mine continue to be beholden to their elderly dad, because he buys them things like jobs and houses, and they want to stay in his good graces to get his money.  As a result, their marriages have an extra member and elderly dad guides their lives.  I don't think this is at all healthy![/quote]

I'm the PP to whom you were replying - is there something I wrote that triggered this response? Just trying to figure out "how we can leave money for our children" leads you to conclude that you "don't think this is at all healthy."[/quote]

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