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I'm highly suspicious of saddling the younger generation, quite literally, to have their parents as dependents. Housing and medicine has only gotten more and mo

I'm highly suspicious of saddling the younger generation, quite literally, to have their parents as dependents. Housing and medicine has only gotten more and more expensive. How are the children supposed to save up if they have to feed, house, and pay for the healthcare of their children and their parents simultaneously? At some point something is going to shatter in that generational chain if the cost of everything continues to go up.

ryandrake 4y ago
I agree--it's nice if they can help and are willing to, but it's kind of gross and presumptuous to simply assume they will help or obligate them to help. A parent is obligated to care for a child because [in most cases] they chose to have the child. The reverse is not true. Nobody chose to be born.
antisthenes 4y ago
> At some point something is going to shatter in that generational chain if the cost of everything continues to go up. Maybe that's the final push we need to adopt universal health care like the other civilized countries? When the cost of caring for Boomers will become too high for younger generations to bear, it will either solve itself out through policy or lots of misery.
- InitialLastName 4y ago
  As of ~2030, all Baby Boomers will have access to government funded healthcare via Medicare.
deleted 4y ago
[deleted]
cykros 4y ago
Part of the answer there is, they're housing their family with their parents' home, cutting out the interest payments to the bank. In return, the parents are saving the cost of assisted living in the various sorts it takes, further adding to the efficiency. And then to boot, the parents, for a time anyway, are available as childcare. The amount of money that can be saved this way is nothing to shake a stick at. It may not be what most people want to put up with, but it's not without its financial benefits.

ryandrake 4y ago

I agree--it's nice if they can help and are willing to, but it's kind of gross and presumptuous to simply assume they will help or obligate them to help. A parent is obligated to care for a child because [in most cases] they chose to have the child. The reverse is not true. Nobody chose to be born.

antisthenes 4y ago

> At some point something is going to shatter in that generational chain if the cost of everything continues to go up. Maybe that's the final push we need to adopt universal health care like the other civilized countries? When the cost of caring for Boomers will become too high for younger generations to bear, it will either solve itself out through policy or lots of misery.

InitialLastName 4y ago
As of ~2030, all Baby Boomers will have access to government funded healthcare via Medicare.

deleted 4y ago

[deleted]

cykros 4y ago

Part of the answer there is, they're housing their family with their parents' home, cutting out the interest payments to the bank. In return, the parents are saving the cost of assisted living in the various sorts it takes, further adding to the efficiency. And then to boot, the parents, for a time anyway, are available as childcare. The amount of money that can be saved this way is nothing to shake a stick at. It may not be what most people want to put up with, but it's not without its financial benefits.