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How generations plan to transfer assets
Posted on 4/3/25 at 10:53 am
Posted on 4/3/25 at 10:53 am
24
Posted on 4/3/25 at 11:00 am to RaoulDuke504
Reality: rampant inflation negates all of that shite.
Posted on 4/3/25 at 11:11 am to RaoulDuke504
I'm leaving everything to LSU NIL.
Posted on 4/3/25 at 11:17 am to RaoulDuke504
This is interesting…and largely true. What I don’t understand about the statistics is how the percentages can add up to more than 100%.
Also, there is a very important option missing. I prefer to save money through my life and leave it to others to enjoy after I have passed. I think that is what most people choose to do, but the option is not listed.
Also, there is a very important option missing. I prefer to save money through my life and leave it to others to enjoy after I have passed. I think that is what most people choose to do, but the option is not listed.
Posted on 4/3/25 at 11:19 am to RaoulDuke504
I'm not expecting a big inheritance. End of life care is so expensive.
Posted on 4/3/25 at 11:20 am to RaoulDuke504
I am betting those numbers change as people get older.
Posted on 4/3/25 at 11:20 am to RaoulDuke504
People without money filling out a survey of what they would do if they had money... It's actually exactly what I would have imagined. And when millennials & gen x's get to bommer's age, I would imagine it will look the exact same as this.
Posted on 4/3/25 at 11:21 am to RaoulDuke504
To be fair, as people get older and the money goes from theoretical to real, people change how they think of it. My parents won't shut the hell up about leaving me money, and I tell them to live their life.
Posted on 4/3/25 at 11:21 am to Limitlesstigers
quote:
End of life care is so expensive.
Train Station
Posted on 4/3/25 at 11:22 am to Shexter
quote:
I see that you don't interact with any Zoomers.
Posted on 4/3/25 at 11:25 am to Shexter
reality is. incredibly expensive elderly care is going to deflate what savings Boomer’s have to give as inheritance.
Posted on 4/3/25 at 11:27 am to Spankum
quote:
I prefer to save money through my life and leave it to others to enjoy after I have passed. I think that is what most people choose to do, but the option is not listed.
You should read Die With Zero and see if it changes your perspective. It did for me. Money that is passed down after death is largely “wasted” (in comparison to how it can be used for life experiences with others while alive or the money goes a lot further when gifted to your kids and or grandkids when they are younger vs older)
Posted on 4/3/25 at 11:32 am to Spankum
quote:
What I don’t understand about the statistics is how the percentages can add up to more than 100%.
Because they are not supposed to. Those percentages are the percentage of people polled in each generation that agrees with the statement to the left.
Posted on 4/3/25 at 11:37 am to Eighteen
quote:
You should read Die With Zero and see if it changes your perspective. It did for me. Money that is passed down after death is largely “wasted” (in comparison to how it can be used for life experiences with others while alive
What does this even mean?
"if I leave the money to my kids, they will just go on a cruise and waste it."
"I could spend it all and just go on a cruise myself and that wouldn't be wasted money."
Posted on 4/3/25 at 11:38 am to Eighteen
quote:
You should read Die With Zero and see if it changes your perspective. It did for me. Money that is passed down after death is largely “wasted” (in comparison to how it can be used for life experiences with others while alive or the money goes a lot further when gifted to your kids and or grandkids when they are younger vs older)
I think there’s definitely a happy medium to be found. i would rather my Boomer parent’s spend their money on enjoying life experiences by themselves, but also with me, my wife, and my kids. Rather than I would receive an inheritance.
I have no desire for or plans once receiving an inheritance, but what I hate more than anything is my Boomer parent’s hanging it over my head to guilt or pressure me in any type of way. Keep it.
Posted on 4/3/25 at 11:39 am to Limitlesstigers
quote:"Hunting Accident"
I'm not expecting a big inheritance. End of life care is so expensive.
Posted on 4/3/25 at 11:45 am to Jcorye1
quote:
My parents won't shut the hell up about leaving me money, and I tell them to live their life.
Gotta find that right balance. I want to accrue enough to be able to leave my kids and their kids money that can help them enjoy life to the fullest they can, but I'm not going to not enjoy my elder years to do so.
Posted on 4/3/25 at 11:45 am to Smeg
the general concept is most people vastly over save for retirement, and by the time inheritance is passed down it’s not as useful dollar for dollar than if you would have given less money to your kids earlier in life
the book provides a lot of examples
the second part is what he calls happiness value for money, and when you are younger you can do more fun things on trips and vacation (in your example, a cruise when you are 65 isnt near as fun as when you are 40 or 45).
the memories from those trips/experiences with spouse, friends, those you love provide you “ROI” (memories to look back on) for the rest of your life/when you are older rather than saving it and waiting
the book provides a lot of examples
the second part is what he calls happiness value for money, and when you are younger you can do more fun things on trips and vacation (in your example, a cruise when you are 65 isnt near as fun as when you are 40 or 45).
the memories from those trips/experiences with spouse, friends, those you love provide you “ROI” (memories to look back on) for the rest of your life/when you are older rather than saving it and waiting
This post was edited on 4/3/25 at 11:47 am
Posted on 4/3/25 at 11:46 am to RaoulDuke504
Now ask each group what wealth is.
You might be surprised.
You might be surprised.
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