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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Where was it ever written that adult children should count on significant inheritances and parents should conserve/preserve their assets for their kids to enjoy after their deaths? [/quote] This is the attitude of the eternal peasant who came from nothing and will leave nothing, even unto the nth generation. You should not need written instructions to tell you that creating generational wealth is superior to pissing it all away in your own lifetime.[/quote] So so true. Many working folks who struggle might not, or not as much, if there had been even a small cushion of money to help with a first home purchase or to stave off medical debt. [/quote] But the reality for many is living like a peasant, spending nothing, being miserly, to pass a little along. Most people don’t have much of anything to bequeath after long term care. They aren’t living large going on luxury cruises.[/quote] Agree. But a lot of the discussion here is about how should children respond when parents are big spenders. [/quote] If the parents go on trips and cruises, then run out, they never had the type of money that was going to make a difference for the next generation. That's small potatoes if that's all they had and once divvied up is a little extra but not enough to provide much in the way of generational wealth.[/quote]
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