What's going to be the final way that boomers pull up the ladder behind them?
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The easy answer is by spending all their money before they die so that their kids/grandkids don't really have an inheritance.
This works for me. My dad died when I was 19 and I got a little insurance money, but he left his significant estate to his 2nd family. Fucking pos, burn in hell.
Wife's dad died a few years later. Left her a little, but when you're 20-something, you have no idea how to manage it. Had a relative help manage it, she did a great job of picking losers so it slowly dwindled down to very little in about 10 years.
Wife's mom was an invalid ward of the state, we had to pay for a bunch of her expenses. No insurance or assets to speak of, all her shit went into a dumpster as most was garbage.
My mom is left and shes never met a dollar she couldn't spend. My brothers and I are giving her money and food so she can stay in her house, but its in a shitty neighborhood and has many stairs. She has already said she won't go into a home, I guess that means one of us has to take her in. She has lots of ugly old Ethan Allen furniture that she thinks is worth a fortune, but its just ugly old furniture.
All we got from this was a little money when we were too young to manage it and expenses from anyone left.
I am so envious of friends who have parents that put something aside for them. They will have an actual retirement. I will be working until I'm old as shit.
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They've already done it. The environment is fucked for future generations.
they didn't stop
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In a way, this has already happened with 401(k) plans.
In general, making each person's retirement income more easily measured is likely a good thing, since it will probably encourage people to behave in a more prosocial way. https://www.heritage.org/social-security/report/pension-reform-sweden-lessons-american-policymakers https://www.youtube.com/watch?v=sKjHvpiHk3s -
Gravesites. There will be no room to bury Gen X and down.
Eh, here in Sweden it is normal to reuse grave sites, you normally get a grave site for 25 years, but it can be extended.
The relatives of the person buried can extend the time that the gravesite is yours, but it costs money.
Sooner or later the gravesite is returned to the church to be reused.
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In the U.S., project 2025.
I remember reading an analysis before the inauguration that it was expected to take 40 years to reverse all of the policies that Trump told people at the time he would implement, and now, I shudder to think how long it will take to reverse the current dammage
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Mutually Assured Destruction
My dad gets a kick out of hearing how bad the environment is. He literally wants the world to die with him. I think most boomers feel that way. I think they truly would love the word to be nucked. They don't give two shits about any other generation. Thats why they don't care about climate change. They truly so selfish that the world should die with them and we all suffer.
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Eh, here in Sweden it is normal to reuse grave sites, you normally get a grave site for 25 years, but it can be extended.
The relatives of the person buried can extend the time that the gravesite is yours, but it costs money.
Sooner or later the gravesite is returned to the church to be reused.
Is everything broken down in 25 years or do they do something with the remains?
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Gravesites. There will be no room to bury Gen X and down.
Good thing more and more people are choosing cremation these days.
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Is everything broken down in 25 years or do they do something with the remains?
Most people here are cremated, I also remember the urn my grandfather was buried in was biodegradable so after 25 years there is nothing really left.
I don't know if everything is broken into 25 years, or so, that is just what I read on the Chruch of Sweden's website.
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To spite the libs, they'll inflate the US dollar till its worthless.
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wrote on last edited by [email protected]
Yes, I agree. The ultra rich won't be affected as their assets price will rise. The boomers who have reverse mortgages their house have cash, or a perpetuity. The asset will rise. Their money will not.
The poor will certainly be worse off, as they always are. The young will be worse off. However, their wages will rise to catch up. Maybe not enough, but a rose nonetheless. The boomers depending on the reverse mortgage income or the cash pile from the agreement will just have devaluation.
Boomers will be more worse off in dollar terms and percent of wealth lost. At least, that's my guess.
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Eh, here in Sweden it is normal to reuse grave sites, you normally get a grave site for 25 years, but it can be extended.
The relatives of the person buried can extend the time that the gravesite is yours, but it costs money.
Sooner or later the gravesite is returned to the church to be reused.
That's the way it is in a lot of European countries. Every single acre of land would be a gravesite if not for this system.
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they already did, decades ago. consistently voting with the republicans. like 1-2 generations ago, when they went with reagen, and then again with BUSH as the final act.
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They're more likely to kick the ladder out from under themselves, if gen Z doesn't been them to it.
milleaneals and gen z is kind adoomed, by moreso for genz.
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Is everything broken down in 25 years or do they do something with the remains?
Have you heard about Paris catacombs?
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Nuclear war
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Corporate nursing homes milking them of all their remaining inheritable money.
Exactly this. I've seen it with two of my family members.
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Immortality serum.
I expect Something like uploading ghost to pc personally.
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Pet tortoise?
still mortal, could have an untimely death
Yes, tortoises, let's tell them to leave it all to tortoises. -
Corporate nursing homes milking them of all their remaining inheritable money.
And casinos.
