https://www.forbes.com/sites/joseph...er-is-happening-but-not-in-the-way-you-think/
The Great Wealth Transfer Is Happening But Not In The Way You Think
https://www.nbcnews.com/business/pe...nials-gen-z-may-not-inherit-much-a-rcna151062
The great wealth transfer has started — but millennials, Gen Z may not inherit as much as they anticipate
https://www.bloomberg.com/opinion/a...sfer-from-boomers-to-millennials-is-overblown
The ‘Great Wealth Transfer’ Is a Delusion
The idea that inheritance from boomer parents will solve millennials’ money problems is way off base.
I have four children that I've helped in various ways. The two older boys are OK financially but the older girl is married with decent money with both incomes but they own a house that eats a large percentage of that. I don't usually just gift them money but I help paying extras to offset the house payment with the "gift of shared experiences and making memories together as a family". The youngest girl is an undergrad that lives at home with about 1.5 years to graduation. I'm making her learn the financing of education with using grants, awards and scholarships to keep the school loan totals low but I plan to pay that off at graduation as a gift. I think she will be fine in the long term financially.
Like most boomers, I've seen too many cycles of boom and bust to not have a retirement nest egg but I do plan on spending that money (with a buffer for healthcare costs and long life expectations) while I'm living and am able to enjoy spending that cash instead of handing the next generations a windfall of cash.
The Great Wealth Transfer Is Happening But Not In The Way You Think
https://www.nbcnews.com/business/pe...nials-gen-z-may-not-inherit-much-a-rcna151062
The great wealth transfer has started — but millennials, Gen Z may not inherit as much as they anticipate
https://www.bloomberg.com/opinion/a...sfer-from-boomers-to-millennials-is-overblown
The ‘Great Wealth Transfer’ Is a Delusion
The idea that inheritance from boomer parents will solve millennials’ money problems is way off base.
I have four children that I've helped in various ways. The two older boys are OK financially but the older girl is married with decent money with both incomes but they own a house that eats a large percentage of that. I don't usually just gift them money but I help paying extras to offset the house payment with the "gift of shared experiences and making memories together as a family". The youngest girl is an undergrad that lives at home with about 1.5 years to graduation. I'm making her learn the financing of education with using grants, awards and scholarships to keep the school loan totals low but I plan to pay that off at graduation as a gift. I think she will be fine in the long term financially.
Like most boomers, I've seen too many cycles of boom and bust to not have a retirement nest egg but I do plan on spending that money (with a buffer for healthcare costs and long life expectations) while I'm living and am able to enjoy spending that cash instead of handing the next generations a windfall of cash.
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