The Great Wealth Transfer

Thread Starter

nsaspook

Joined Aug 27, 2009
16,249
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.
 
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WBahn

Joined Mar 31, 2012
32,702
People that rely on the expectation of inheritances to solve their money woes get very little respect from me. First, it's not their money and the attitude that they are somehow entitled to it says a lot about their fundamental character. Second, it's a sign of laziness and unwillingness to work and make their own way in the world... which says a lot about their fundamental character.

My daughter just got a wake-up call. Starting when she was about five years old, I made her save half of any money she got from any source by putting it into a sealed glass jar that she kept in her room. When we broke the seal on it after roughly ten years and opened a savings account for her, it had just over a thousand dollars in it. The hope was that she would have learned the value of saving as she goes. When she got her driver's license my wife got a debit card tied to that account. She gives her an allowance once a month and she has some other money coming in, but not a lot. I had wanted to set up a separate account with the idea that she would transfer a portion of any money she got to that savings account to let it continue to grow. I had also thought about setting up an investment account for her, but never got around to it. I was concerned that she might piss away everything she had saved over so many years. Well, she pissed away, in about a year and a half, everything that she saved and have about $50 left. But it may end up being the best thing that's happened to her. She didn't willfully spend it, she carelessly spent it without realizing that she was doing it (and we weren't monitoring it like we should have, because we thought she was more responsible than that). So she was shocked when she realized she had pissed it all away and immediately went out and started applying for jobs (she's had some interviews, but no offers yet because she really doesn't have a lot of free time given her commitment to music -- she just took second place in her age category in the world's largest competition for classical musicians). She's also now receptive to reading The Total Money Makeover by Dave Ramsey. So this might be the event that sets her attitude towards money on a healthy plane going forward. If that can happen before she goes to college, that would be wonderful. It didn't happen to me until I was thirty.
 

Thread Starter

nsaspook

Joined Aug 27, 2009
16,249
https://slate.com/life/2024/12/boomer-wealth-inheritance-financial-planning-will.html
“Help Us Level Up”
Millennials are mad at boomers for “hoarding.” That’s not quite fair.
“Seems weird to not level up your kids,” Singer commented on X. Boomers holding back money seemed to him to be fundamentally selfish, but others disagreed, sparking a major discussion across social media about what parental responsibility is when it comes to financially supporting adult children. “You aren’t entitled to anything,” went one typical reply.
They have all the junk I leave behind for 'free'.
https://www.newsweek.com/millennials-boomer-junk-hoarding-declutter-1978769
As millennials prepare to inherit the belongings of their baby boomer parents, many are facing the reality of sorting through an overwhelming amount of accumulated "junk."
1735415878094.png
 

LowQCab

Joined Nov 6, 2012
5,101
I can't believe that this Thread has not been deleted yet.
Is it because all of the sources are from the Main-Stream-Media-Conglomerate ?
If anyone here is serious about finding-out what's actually going on, DM me,
I've been following this subject for over ~10-years now, from around ~15 actual experts.
The offer is "semi-permanent" because Life happens.
I hope to hear from You.
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LowQCab

Joined Nov 6, 2012
5,101
All of the FAKE "Fiat" "Currencies" are being phased-out.

This is a World-wide phenomenon.

This is a subject that everyone should study extensively,
or You will ultimately be caught with your pants-down, and with no Belt in sight, and no Paddle either.

If your Money is in a Bank,
or in the form of any type of "Paper-Conveyance", ( Stocks, Bonds, etc. ), You will lose it.

Your "Money" will only be safe in the form of a stable Commodity such as......
Precious-Metals, or a completely DECENTRALIZED Crypto-Currency such as BitCoin.

There are many Cryptos which are CENTRALIZED, ( controlled by a single Entity ),
they should be avoided like the plague.

NO Person knows exactly how or when this will happen.
Probably ~98% of the so-called "Experts" are completely clueless as well.
Relying on "Authority" figures will just get You scammed and/or waste your Time.
You must do your own due-diligence in determining who knows what they are talking about.

DM me for a list of heavily vetted sources.
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Thread Starter

nsaspook

Joined Aug 27, 2009
16,249
If the world goes to crap (in various ways depending on which of the various conspiracies happen), then Bitcoin (that needs a massive infrastructure of electrical power, high speed digital networks and nerds with easy to destroy processing farms in places like Oregon) will be be a total joke as a stable Commodity.

Cash (protected by the guns and prisons of the powerful) will be King.
 

LowQCab

Joined Nov 6, 2012
5,101
You can't save everyone from themselves,
some will make it, and some won't, that's just the way Life works.

It's a serious matter, well worth seriously investigating.

If anyone thinks they have it all figured-out, more power to them, it's their Right to their opinion.
I'm just trying to insure that everyone has an opportunity to LOOK,
anyone who doesn't care to look, certainly is under no obligation.

You are Poo-Pooing the Federal-Government,
which just purchased a massive amount of Bit-Coin,
and intends to actively use it.
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LowQCab

Joined Nov 6, 2012
5,101
Please take care to notice the big fat number SEVENTEEN ........

The 17th letter of the Alphabet is "Q".

"Q" is the identifier of a special group of Military-Intelligence-personnel
which is literally orchestrating almost every bit of News that You see now,
even including the Weather and Sports-scores.

They are trying to get your attention without being too overt
about it and possibly causing mass-hysteria, and/or, a Civil-War.

Do You think the World is "going to Hell in a Hand-Basket" ???
Trust me, It's not.
It's just being made to look that way so that the People will start paying attention, and TALKING.

Everything is going exactly as planned, YOU are just not quite aware of it just yet.

How many hundreds of 17's, 34's, and 47's do You need before it becomes
mathematically impossible for it to be a mere "coincidence" ???

These numbers are mostly found in ..........
Headlines, Body of Texts, Time-Stamps, Dates, Statistics, %'s,
Melania-Trumps Dresses are ALWAYS Naval-Flag-Symbols and Colors,
how many people in a posed-Photograph of political figures,
how many Flags behind someone giving a speech, or in a group-Photograph,
how many Cars in a Motorcade,
Tail-Numbers of various Jet-Aircraft that do not conform to the Standard-Numbering-Systems.........
And, if You apply simple Gematria-Rules to the various numbers, You can find hundreds more.
And, You can find the actual capitol-letter-"Q" blatantly displayed in all sorts of unusual places in Photographs.
Other signs ........
Military-Personnel with incorrect Uniforms, or being in places where they shouldn't be.
Incorrect Military-Color-Guard formations or pageantry,
Incorrect Military-Gun/Cannon-Salutes for special events,
Unusual or specialized use of State-Militias / National-Guard personnel,

None of the above is by accident or coincidence,
it's being put in your face, but you're not looking.

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LowQCab

Joined Nov 6, 2012
5,101
A very interesting observation .........
I've had that Gmail account, spelled exactly that way, for around ~30-years,
way before I had any idea what the "Q" team was.
~5 or ~6 years ago I was hugely skeptical about the Q-Drops,
none of them seemed to be of any real use, even when they were very interesting,
but the more I looked into them, the more interesting they became.
They are all "in-code", with no direct statement of facts,
because, of course, the "Bad-Guys" also read the Q-Drops,
and You never want to tell your enemy what your plans are.
Therefore, many of the Q-Drops are purposeful distractions or outright deceptions.

The Swamp is being drained, and literally thousands of "Swamp-Creatures" are being
sent to Guantanamo-Bay, or to their maker, all though Military-Tribunals,
for Treason, or Crimes-Against-Humanity.
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LowQCab

Joined Nov 6, 2012
5,101
Someone needs a Check Up from the Neck Up.
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I couldn't agree more with your rhyme,
however, it can be interpreted in several ways.
Everyone on this Planet has been subjected to a Lifetime of Brainwashing-Propaganda in one form or another,
very few get left out of the loop, or have the wherewithal to study their way out of it.

People who have been going to College all their lives, are still Brainwashed,
they hang onto thoughts and biases that don't make sense to themselves,
this is called Cognitive-Dissonance, and almost everyone on Earth suffers from it,
so, ....... Everyone really does need "a checkup from the neckup".
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