Reply to Vox article on inheritance

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not really surprised by this, the net worth of the top 10% is >1M so why not a 500k+ inheritance?
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This. My parents were very middle class, and my sister I should inherit about $1m each. [/quote]

:shock: [/quote]

Listen, folks.  Just because YOUR middle class parents are/were terrible with their money (thus leaving you little to nothing) doesn’t mean that other older people who were responsible and saved/invested their money throughout their lives (thus leaving an inheritance for their children - even *gasp* one million dollars!!!) were “rich” - they saved their money, now they have money!  Some of you should try it.

That being said, I am struggling to even get through that article.  It is structured in such a bizarre, haphazard way that it reads almost like a stream of consciousness.  I really miss editors.[/quote]

My dad was a teacher and my mom a SAHM.  I grew up solidly middle class.  I will inherit probably $1 million.  A lot of that money will come from the sale of my childhood home that my parents bought for $50,000 and is now worth $500,000 and my dad has been receiving a decent pension and healthcare for years.  My parents spend very little money and have saved all of the SS money they have received.  So yes, it is possible to grow up middle class and still inherit a lot of money.  [/quote]

Same.   My parents were good with their money, saving as soon as they started working.  As a result, they are very comfortable in retirement and will likely have a significant amount to leave to their family.  [/quote]

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