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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 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
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 on 6/21/20 at 3:54 pm to HailHailtoMichigan!
Most people who are affected by Covid are lower-income folks. I think the biggest impact is their kids will continue to work.
Posted on 6/21/20 at 3:54 pm to HailHailtoMichigan!
Has the overall death rate actually increased or are one type being subbed for another?
Posted on 6/21/20 at 3:54 pm to HailHailtoMichigan!
millennials and zoomers are investing in stonks then we are switching to Bitcoin when the time is right
Posted on 6/21/20 at 3:55 pm to Mr Perfect
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 on 6/21/20 at 3:56 pm to HailHailtoMichigan!
The number of deaths of older people from COVID have an almost negligible impact on the normal average death rate of older people. 
Posted on 6/21/20 at 4:01 pm to Sidicous
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 on 6/21/20 at 4:07 pm to Mr Perfect
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 on 6/21/20 at 4:09 pm to HailHailtoMichigan!
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 on 6/21/20 at 4:13 pm to HailHailtoMichigan!
Knowing the Boomers they probably donated all their assets to organizations like the UN or WHO.
Posted on 6/21/20 at 4:17 pm to TDsngumbo
quote:
their kids will continue to work
Posted on 6/21/20 at 4:44 pm to jamboybarry
quote:
Where would acquire these stonks you speak of?
The stonk market.
Posted on 6/21/20 at 4:51 pm to Sidicous
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 on 6/21/20 at 4:52 pm to HailHailtoMichigan!
Nursing homes have already taken all the money.
Posted on 6/21/20 at 4:56 pm to Shaun176
quote:
Nursing homes have already taken all the money.
Ding, ding,ding!
Posted on 6/21/20 at 4:56 pm to HailHailtoMichigan!
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 on 6/21/20 at 4:57 pm to HailHailtoMichigan!
Double post
This post was edited on 6/21/20 at 4:58 pm
Posted on 6/21/20 at 4:57 pm to HailHailtoMichigan!
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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