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originally posted by: Xtrozero
originally posted by: hopenotfeariswhatweneed
The system for profit will always find a way to take every cent that they can, your kids will likely find that out the hard way as our family did.
I will not live long enough to worry about that... To me there is quality of life and on machines drooling is not it.
originally posted by: EternalSolace
originally posted by: Xtrozero
originally posted by: Peeple
I seriously doubt that. Because they'll get a lot older than any other generation before they'll spend more on medical bills. And they'll have to hire caretakers and possibly will still have to move into retirement homes because the millenials surely won't change the diapers of their 90+ parents.
And especially in a free market it's kind of business as usual to strip the elderly of their last cent.
I got nothing from my parents and my two kids will get a few million, sound legit to me... I'm not far from middle class BTW...
How does inflation help? That means your money loses value over time...
Doubles every 20 years blah blah blah... We get it...
Sounds like your folks hate you....
originally posted by: hopenotfeariswhatweneed
originally posted by: Xtrozero
originally posted by: hopenotfeariswhatweneed
The system for profit will always find a way to take every cent that they can, your kids will likely find that out the hard way as our family did.
I will not live long enough to worry about that... To me there is quality of life and on machines drooling is not it.
Here's the catch, once signed over to that care the decision to terminate belongs to the institution.
originally posted by: Xtrozero
originally posted by: Stupidsecrets
A millionaire is about average today. It's not that much money. It's almost laughable as being wealthy because a nursing home, where most of them will go, will cost that much in a few years of care and housing. Bottomline; there won't be some massive wealth transfer. People are living longer then they stick their loved ones in a nursing home if they become a problem. I have seen this happen many times is the past decade with family and friends. The article is stupid and leaves out what will be done with the money when they die in many cases. It's going to nursing homes and care givers.
Full good care is about 50k per year... 20 years = 1 million. That's a lot of years for someone in full care... just saying
Millennials Will Become Richest Generation In American History As Baby Boomers Transfer Over Their Wealth
originally posted by: drewlander
a reply to: StoutBroux
Im pretty sure that the lions share of that 68 trillion is concentrated on a very small part of the millenial generation. Like... 1% of it, at best.
According to the U.S. Bureau of the Census, slightly over 5 percent of the 65+ population occupy nursing homes, congregate care, assisted living, and board-and-care homes, and about 4.2 percent are in nursing homes at any given time.
originally posted by: hopenotfeariswhatweneed
Here's the catch, once signed over to that care the decision to terminate belongs to the institution.