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Reply to "Vox article on inheritance"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Your parents were not very middle class if you will inherit $1million and so will your sister. [/quote] My parents are lower middle class. I may one day inherit a house worth $20k with a $120k mortgage on it. [/quote] [url]https://dqydj.com/net-worth-by-age-calculator-united-states/[/url] The median net worth of someone aged 65-69 is $270k. At a net worth of $10k each, your parents are in the bottom 10% for this age group.[/quote] WOW. I didn't realize it would be that low. 270k is nothing to retire on. Yikes.[/quote] Most people depend on Social Security and Medicare. And that is fine. [/quote] Baby boomers and the next generation have also completely laughed their way to the bank while leaving decaying infrastructure, large amounts of debt, voting for stupppppiddddd and costly wars, tax cuts galore, huge sprawling suburban messes. They wanted everything then and now and screw the future. Completely for oil subsidies but not subsidies for new technology to remove dependence on gas because god forbid their gas be more than $5 a gallon, which is funny considering that its low and middle income people who are most affected. You are right that the current generation of 20-40s is finished with their crap. We have climate change, infrastructure, wealth inequality to deal with why you argue about whether your kid gets 2 million or 1 million. We are a generation sandwiched by whiny needy entitled people who complain about everything that we want to do to leave our world a better place for our children. You know the generation of kids that will actually live with all of the offloading of responsibilities. And part of that goes to wanting to leave 2 million not 1 million to your kids because this is why you want to leave your kids that money. You know money will insulate them, for a time, as good paying jobs get more scarce, as college tuition increases and home values increase, etc. [/quote] Not sure what you are talking about, but aren't you the generation (currently 20-40) that are the children of Baby boomers who will inherit their wealth once they die? What are you complaining about? [/quote]
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