Reply to Honestly the complete disregard for GenX financial strain is getting old

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If the Boomers are so wealthy, won't Gen X inherit their massive wealth? And ditto for Gen Z.

Being poor is really normal when you're just starting your career and I think it's normal to be envious. I remember wondering how so many adults from my parents generation could have money, yet most were extremely unimpressive. I think most made their money by simply investing in their 401k. Compounding returns is an amazing thing![/quote]

Nah. Boomers aren't leaving anything behind. I love my parents and don't want their money, but they constantly tell us they're spending it all before they go. My parents get a new 75-90k SUV every other year. I'm glad they're enjoying it, but I'm sick of hearing about it.

Contrast that to my grandparents and great grandparents who saved every penny and made sure to leave money to their kids.

Inheritance has been a bit broken for a few generations once men stopped dying at 55. Dad used to die and leave the farm to their oldest son whose family would take care of the mom. Now days, people inherit when they're 70 like my parents and my inlaws did. What 70 year old needs an inheritance?? [/quote]
Your parents have an itch they need to scratch. Their money allows them a new SUV. If they didn't have money, they'd buys some cheap crap, but still buy something. The fact that they have a need to tell you, is also about the itch. 
My experience is that the older and riches one gets, the less they spend. The excitement just isn't there. Your parent still get excited over a car; very cute.[/quote]

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