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Reply to "The divide gets bigger as you get older..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] The "Great Wealth Transfer" isn't even close to happening. The boomer parents are now inheriting their parent's wealth. The millennials won't see that money for 10 - 20 + years. Once that happens it will further exacerbate this divide. [/quote] I doubt you'll see this money. It will be given to expensive long term care facilities and sent to Indian scammers.[/quote] Nah. The smart boomers like my in-laws bought Cadillac LTC policies for peanuts. They are sitting on about 20mil and growing because they spend less than the income they make each year + social security. We are also big savers on top of what we get from them, and we only had two children so they too will see a large inheritance. [/quote]
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