3 ms·
> Until the old die, which they inevitably do, and then the transfer completes the cycle back to the young. It will transfer to the middle aged who will become
by folli 3y ago
> Until the old die, which they inevitably do, and then the transfer completes the cycle back to the young.
It will transfer to the middle aged who will become the old soon. It won't cycle back to the young.
- readthenotes1 3y agoFentanyl doesn't affect the old affluent equitably. My great granddad died at 90, my grandad is 93. Lord knows how old I'll be when I inherit...
- vidanay 3y ago> It will transfer to the middle aged who will become the old soon. It will transfer into the health care system and wealthy share holders.
- coffeedan 3y ago^^^ This! All but the wealthiest of retirees who make it into their 80’s and 90’s will spend any money they have on healthcare, until they are broke and then go on Medicaid.
- lxm 3y agoAs well as other participants https://news.ycombinator.com/item?id=38098779 https://news.ycombinator.com/item?id=38098779
- lazide 3y agoThe middle aged (parents) are the ones who are helping their kids. And pay the majority of the taxes that fund almost everything. The ‘living with your parents’ meme may be tough - but not nearly as tough as having homeless parents!
- jcranmer 3y agoWhen my grandparents died and my parents' generation inherited the wealth, half of them were already retired. So there's a pretty decent chance that the old dying are leaving the wealth to the old as well.
- lxm 3y agoHow can you be so confident with that prediction? There are some families where relationships with grandkids are much more positive than with direct descendants. Families where middle aged don’t need any help, but grandkids could always appreciate a boost to the college fund. Families where the bridges have been burned badly and the money is going to the charity just because. Families where grandpa is on the reverse mortgage busy traveling the world, etc.