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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

So, parents who went on trips and cruises and are now asking for children to pay for AL, CCRC, and nursing homes is cool?

I'm genuinely asking.

Also, I think even modest amounts of money can make a difference for folks. [/quote]

If they shelled out hundreds of thousands to educate them and would like them to pay some back in this way, sure, why not? A lot of parents sacrificed and saved and finally want to enjoy their retirement? It's hard to begrudge them that. Maybe parents will have to start thinking long term and just let their kids take out massive loans so that they don't run out before end of life of their own money if asking the kids would be out of the question and they are not to enjoy anything later in life.[/quote]

So folks with less money in their accounts and facing possibly more costly retirements should fund their parents' cruises and trips? So these adult children can then work till they die?[/quote]

Think of how much worse you would be off if your parents didn't pay for your education. Or maybe how much better they would be if that hadn't made that investment in you. What goes around comes around.  And it sounds like OPs parents can pay for their cruises and trips the great unknown is how long they will live for. I thought my parents were going to run into tough financial times ahead, as they are getting low on funds due to spending. But, hey, now my mom recently found out she has Stave 4 cancer and probably only 6 months to live. So, you never know how things will play out.  [/quote]

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