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Obviously just one anecdote but my parents both had work/on-call in the evenings and weekends, always had a substantial mortgage on the house which they had to
by modoc 11y ago
Obviously just one anecdote but my parents both had work/on-call in the evenings and weekends, always had a substantial mortgage on the house which they had to sell when they split up. I will get zero inheritance. They are both college educated, smart, hard working people. I made more at 20 years old, then they both made put together at that same time.
- JoeAltmaier 11y agoI grew up on a farm, limited income but lots of personal freedom. Six of us kids: 5 Engineers and a Nurse. After 1000 generations of dirt farmers, it was a good change. No inheritance except the opportunity to personally succeed. Folks like us were launched by their parents. But there are others who stayed about where they started (or rather their parents) who can't see much improvement in the last 20 years.
- ForHackernews 11y agoWhen (if) you retire, that farmland will probably be worth more than your income over your entire career.
- JoeAltmaier 11y agoVery likely. The $40,000 acreage next to me just sold for $400,000. That would make mine worth $1M right now!