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morbid question: what will be effect of all this $ from Wills being injected into economy?

Posted on 6/21/20 at 3:53 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
74751 posts
Posted on 6/21/20 at 3:53 pm
What industries will benefit from all these 30-55 year olds getting money and assets from their elderly parents who have passed from covid?


It’s 100% not something that matters over life and tragedy, just curious if it will cause any economic trends
This post was edited on 6/21/20 at 3:54 pm
Posted by jamboybarry
Member since Feb 2011
33256 posts
Posted on 6/21/20 at 3:53 pm to
Soy milk
Posted by TDsngumbo
Member since Oct 2011
51666 posts
Posted on 6/21/20 at 3:54 pm to
Most people who are affected by Covid are lower-income folks. I think the biggest impact is their kids will continue to work.
Posted by Sidicous
NELA
Member since Aug 2015
19296 posts
Posted on 6/21/20 at 3:54 pm to
Has the overall death rate actually increased or are one type being subbed for another?
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 6/21/20 at 3:54 pm to
millennials and zoomers are investing in stonks then we are switching to Bitcoin when the time is right
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37588 posts
Posted on 6/21/20 at 3:55 pm to
quote:

millennials and zoomers are investing in stonks then we are switching to Bitcoin when the time is right


100, fr. Facts only, bro
Posted by LSURussian
Member since Feb 2005
135363 posts
Posted on 6/21/20 at 3:56 pm to
The number of deaths of older people from COVID have an almost negligible impact on the normal average death rate of older people.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
14359 posts
Posted on 6/21/20 at 4:01 pm to
quote:

Has the overall death rate actually increased or are one type being subbed for another?



This is actually going to be interesting to see. You'll need to wait until you can compare full year 2020 mortality with 2019. I think I saw that in a lot of places, mortality in 2020 is level with 2019 or even down. Places like NYC, mortality is up. But you really have to look at the full year.
Posted by jamboybarry
Member since Feb 2011
33256 posts
Posted on 6/21/20 at 4:07 pm to
quote:

millennials and zoomers are investing in stonks then we are switching to Bitcoin when the time is right


Where would acquire these stonks you speak of?
Posted by LegendInMyMind
Member since Apr 2019
76237 posts
Posted on 6/21/20 at 4:09 pm to
quote:

What industries will benefit from all these 30-55 year olds getting money and assets from their elderly parents who have passed from covid?


Are more people that age actually dying? How much higher is the overall death rate in the US for people that age over recent years?
Posted by SD Tider
San Diego
Member since May 2019
2500 posts
Posted on 6/21/20 at 4:13 pm to
Knowing the Boomers they probably donated all their assets to organizations like the UN or WHO.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
141286 posts
Posted on 6/21/20 at 4:17 pm to
quote:

their kids will continue to work


Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
151623 posts
Posted on 6/21/20 at 4:18 pm to
Posted by Hangit
The Green Swamp
Member since Aug 2014
47788 posts
Posted on 6/21/20 at 4:44 pm to
quote:

Where would acquire these stonks you speak of?


The stonk market.
Posted by 91TIGER
Lafayette
Member since Aug 2006
19644 posts
Posted on 6/21/20 at 4:51 pm to
quote:

Has the overall death rate actually increased or are one type being subbed for another?



THIS RIGHT HERE ! Don't expect the resident soy boys on this Board to realize it though.
Posted by Shaun176
Baton Rouge
Member since Aug 2008
3181 posts
Posted on 6/21/20 at 4:52 pm to
Nursing homes have already taken all the money.
Posted by ruzil
WNC
Member since Feb 2012
18467 posts
Posted on 6/21/20 at 4:56 pm to
quote:

Nursing homes have already taken all the money.


Ding, ding,ding!
Posted by KamaCausey_LSU
Member since Apr 2013
17870 posts
Posted on 6/21/20 at 4:56 pm to
quote:

morbid question: what will be effect of all this $ from Wills being injected into economy?

People and companies are becoming more reliant on government handouts. It's a very slippery slope.

I think economist think we'll have short term deflation in our currency followed by rapid inflation due to the feds printing money at an unprecedented rate.

The Money Tree Podcast had a pretty interesting segment on the history of currency and they discussed this. Podcast

Nm, didn't read the question right. I doubt there will be any change in the economy from inheritance money.
This post was edited on 6/21/20 at 10:40 pm
Posted by KamaCausey_LSU
Member since Apr 2013
17870 posts
Posted on 6/21/20 at 4:57 pm to
Double post
This post was edited on 6/21/20 at 4:58 pm
Posted by Jim Rockford
Member since May 2011
106149 posts
Posted on 6/21/20 at 4:57 pm to
Their aren't that many high net worth individuals. Say someone has a $250k house and 500k worth of liquid assets. Divided three or four ways it's a decent windfall but not life changing.
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