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Eldercare
Reply to "Parents being flippant about inheritance - is it a trend?"
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[quote=Anonymous]It’s a boomer thing. Many boomers moved from MC to UMC. Their parents lived frugally, saved and left them with an inheritance of several hundred thousand to a few million depending on the land value of the house. This could be the start of generational wealth if they put it into trusts to be invested but instead they treat it like lottery winners. For whatever reason, boomers are hyper competitive and fearful that someone else will get something that they won’t. They would much rather buy a sports car..even if it isn’t something they really, really want than risk having a grandchild down the line use THEIR money to buy a sports car. [/quote]
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