3 ms·
Dependents sort of inherit the economic wins/losses of the person supporting them, so this feels like a distinction without much of a difference, or at least no
by smallmancontrov 3y ago
Dependents sort of inherit the economic wins/losses of the person supporting them, so this feels like a distinction without much of a difference, or at least not nearly enough of a difference to invalidate the high level result that the situation is bimodal.
- creer 3y agoGoing back to live with your parents has become a meme - which was not the case a few years ago. Most people who say that don't exactly see it as a plus ("Oh good, I'm sharing in my parents' win!")
- frank_nitti 3y agoThey may not see it that way, but IMO that is the reality as they are heirs to the estate in most cases, presumably. Compared to those whose inheritance will not include a considerable estate, it seems like a win.
- red-iron-pine 3y agohigh medical costs, esp. in old age, will annihilate most of the wealth before the Zoomers get a crack at it. My dad's home ran 9000/month for regular care, and even after we sold her house and other assets, it was looking like she'd be short of cash before too long. After the estate settled me + siblings walked out with around 50k each. Not terrible, but wouldn't do much for me buying a house on the west coast; I'd need triple that, and even then might not cross the 20% threshold for mortgage insurance.