Reply to Millenials are ruining their parents retirement plans?

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Reply to "Millenials are ruining their parents retirement plans?"

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[quote=Anonymous][quote=Anonymous]I know plenty of genxers who mooch off their parents. I also know boomers who mooched off their parents (and are now in a comfortable place in retirement because of inheritances, not their own financial acumen or frugality).

Everybody on this board complains about how rich boomers are etc. I think it is because most people who frequent this board have well-off parents. A very high percentage of Boomers do not have retirement savings and the idea that all boomers have a pension to tap is also false. I think the range is like 25% of boomers have some sort of pension.

Paying for an adult child's cell phone on a family plan is not keeping people from saving for retirement. It is a lifetime of overspending. [/quote]Sometimes the problem is that a poster has parents who really suck but instead of facing the fact that their parents let them down, it feels better to blame their behavior on entire generation.  Not saying that's true of everyone but I have noticed it now and then.[/quote]

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