Baby boomers don’t trust younger generation to use their inheritance wisely

20 comments
  1. Sounds like the baby boomers think they’ve done a shit job raising their kids, seems like a weird thing to admit but okay.

  2. As a boomer myself, I can confirm that young people today are only interested in spaffing money on avocado latte mocha smoothie grandes rather than buying a house. When I was their age Starbucks didn’t exist, so we had to go out and buy houses for £3,000.

    Young people today don’t know they are born.

  3. Ah Boomers, the gift that keeps on giving.

    Are they worried their children might use their inheritance to scrape together a deposit for a one bed flat, to part own for the rest of their life

  4. Errr actually dad I’m going to invest that money in a bleeding edge gaming PC which I will dedicate to your memory.

  5. This is why I’m glad my (great) bampi is too old to be a boomer, that and I really don’t like getting money in wills, makes me feel iffy for some reason,

    Thinking about it, I don’t think there are even many boomers in my family

  6. What do we care what the kids spend it on? We’ll be dead. Let them either horde it like we did or blow it on a good time: I literally will not care.

  7. Are you a newspaper writer?

    Got your editor on your back about a deadline?

    Just write another generational angst article about boomers and millenials!

  8. My mum, who is only just approaching sixty, keeps neurotically flip flopping between saying she’ll give it all to charity, or writing conditions in the will that my brothers and I can only receive our share if we use it to buy property. I do question whether that’s even legally enforceable.

    I’m currently 24, and I have no idea what my personal circumstances or market conditions will be like when the time comes, so obligating us to use inheritance in such a specific way even if it may not be beneficial to us, or in spite of possibly having other more important financial priorities, seems absolutely ludicrous.

    The lack of trust she has for us is just disheartening and the fact that her final act would be to willfully rob us of our agency just makes me angry. I couldn’t ever imagine wanting to tie my own kids hands like that after I’m gone.

  9. My kids are not getting anything I’m spending all my money on travelling and indulging myself. They might get some when I do go, but it won’t be a lot

  10. Not to worry between care fees and the like the younger generations have bugger all inheritance coming

  11. Funny. I know quite a few people, myself included, who stand to inherit fuck all because their parents jizzed away the family money THEY inherited.

  12. It’s not new is it. But it is stupid. It’s like planning your own funeral.

    “I want some of that cake I like” – why? You won’t be eating it. The funeral and the inheritance is for your family, not for you. They should pick the cake and the music – whatever makes them think of you etc, is special to them.

    Yes, your kids are going to waste your money – because whatever someone else does with money you give them will be their choices, not yours. So, self evidently many or all of these things will not be what you would have done – by definition that’s wasting money.

    You buy lots of pairs of shoes? That’s just a waste from my POV. But, everything I buy is probably a waste from yours.

    if you want to spend your money differently, spend it before you die. If you give it to someone else then it’s their money. If you want to control someone using your money, get a hooker.

    OTOH, if you don’t want anyone to use or spend your money, well, there’s no point having it.

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