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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]I'm a GenX and my husband and I have boomer parents. They are holding a lot of wealth, BUT they also are living long lives and the last 15 years or so will basically strip all of that with expensive retirement/continuous care homes and medical care. So we don't expect any money from our boomer parents. We are just happy that they've made and saved enough to pay for their own care to the end of their lives and that they are living long lives so we (and our children) can spend more time with them. [/quote] I’m gen X and my Boomer parents have been giving all of us $17k per year every year for decades to start transferring wealth, I’m glad they’re so generous.[/quote]
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