Reply to Vox article on inheritance

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[quote=Anonymous]The working class and middle class who invested their money over the 30+ years should have the money unless some kind of emergency wiped it out. The working and middle class who stayed away from the market (like my parents would have), probably don't have the money. It didn't take a lot of money invested to make it. It's the 30+ years that helped the money grow.
My parents grew up in SU and don't know anything about markets. They are quite frugal and always had some savings. They never really had a chance to buy anything that would go up in value. They refused to buy a house and continued to live in apartment. The houses ofcourse did go up at some point, but it's the next generation that will get the money from the houses.
I think the question is, why didn't your parents invest in the markets? Ask them. I know what mine said. I don't want my children to ask why I didn't. Specially now that I can invest from my phone with literally no fees. My kids won't see the money any time soon, maybe in their 40s.
There we so many opportunities to in vest in the last 20,10, 5 and even the last year, but people don't. You can shout from the rooftops all you want, some people simply won't. Long term investing pays off, simple as that.[/quote]

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