3 ms·
>A big part of that is rising life expectancy. I'm 31, and my parents (probably and hopefully) won't die until I'm 60+ myself - which means unlike the generatio
by CorrectHorseBat 3y ago
>A big part of that is rising life expectancy. I'm 31, and my parents (probably and hopefully) won't die until I'm 60+ myself - which means unlike the generation prior to mine that had a reasonable hope of inheriting some wealth as a kickstarter (i.e. a downpayment or a place to live without having to pay shitloads in rent), I and many others of my generation will not have that.
I'm of a similar age as you but I don't see how that is any different than the previous generation?
- mschuster91 3y agoBecause by the time previous generations were 30, at least the grandparents distributed their wealth downwards. These days, even if people get children late(r) in life, you can easily have four to five generations of a family alive at a single time.
- CorrectHorseBat 3y agoIt probably differs much per country and individual, but in my experience (Western Europe) it's the other way around. My parents generation grew up with 5 children at home, there wasn't much wealth to distribute downwards and anything that did had to be divided by 5. Now it's usually two children and there's quite a bit more wealth, most people I know that buy a house do get financial help from their parents.