Reply to Vox article on inheritance

Forum Index » Money and Finances

Reply to "Vox article on inheritance"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

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

Some may yes but we are the ones fighting for the change and older people (>50) are the ones fighting against it. So if we (20-40s) arent complaining then why are others resisting? Its also the gen before that, the silent generation. Id say its more 1920-1960 who benefited from huge increases in home values, fully funded pensions AND sometimes retirement plans for even the MOST basic occupations, huge increases in wages as well as reduced cost in goods as manufacturing increased, SS and Medicare got passed, enormous stock growth, employer-sponsored healthcare(which was actually FUNCTIONAL), unions (did you forget about those?) that pushed for dental and vision coverage.

Name 5 THINGS that have benefited the working class since the 1980s. Because all I know is that wages have grown but purchasing power is stagnant, there are few pensions, childcare costs are out the wahoo. Then add to that the birth rate is going down [b]so how will we be funded in our SS/Medicare when there are less kids[/b]? Like how short-sighted are we going to continue to be? At some point there has to be a reckoning. 
[/quote]
The new kids crossing the border will work to pay your SS/Medicare.  BTW, childcare costs are not out the wahoo. The people who are working providing your children with childcare while you work somewhere else deserve a decent wage. Before the proliferation of daycare, young children were watched by family members. [/quote]

NP. You mean before women started entering the workforce in droves. [/quote]

I don't understand this sentiment. Black women have always been in the workforce. Poor women of all the other races, including white, have also been in the workforce. The women left their children with their mothers, aunts, and neighbors pre-kindergarten. White middle-class women joined the other women in the workforce in the 60's and 70's. Daycare centers expanded when white, middle-class women joined the workforce. The women working in those daycare centers require reasonable payment. It is a supply and demand problem and that's why the care is expensive according to the PPP. [/quote]

Yes, I’m well aware of that. Perhaps I should’ve been more specific. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics