3 ms·
These days inheritance almost all the time goes from very old people (70-80 years old) to old people (50-60 years old). It almost never goes to young people
by dh2022 2y ago
These days inheritance almost all the time goes from very old people (70-80 years old) to old people (50-60 years old). It almost never goes to young people
- dr_dshiv 2y agoHypothesis: Old people blow it on cruises and young people have families and start businesses.
- FredPret 2y agoIf true, it would explain the massive post-covid revenue bumps at Carnival Cruise Lines and Royal Caribbean. These guys are making double their pre-covid revenue, and 2019 was a really great year. They're heading to almost 3x their revenue before that: https://valustox.com/RCL https://valustox.com/RCL
- defrost 2y agoTrump boosting the economy again? https://www.usatoday.com/story/travel/cruises/2024/11/11/villa-vie-residences-world-cruise/76202126007/ https://www.usatoday.com/story/travel/cruises/2024/11/11/vil...
- bombcar 2y agoThis is more true than people realize; it seems every week in bogleheads there’s a question that’s basically “how can we use the inheritance we just got to help our grandkids get a leg up without huge tax implications?”