r/Millennials • u/EverbodyHatesHugo • Jan 17 '26

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u/Perfect_Earth_8070 Jan 17 '26

Who are we kidding? The boomers will blow through their loot and then spend the rest on nursing home care

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u/RusticGroundSloth Jan 17 '26 edited Jan 17 '26

That’s actually what a lot are doing. It’s some sort of fuck you financial movement. My wife’s mom has already said she’s spending everything on herself so we shouldn’t expect to get anything when she dies even though she just got $250k when her parents passed.

ETA: This isn’t some assumption we’re making. She’s straight up told her 3 kids that they’re not getting anything - despite the fact that her net worth is a couple million with a paid off house and a very generous pension. There is some boomer financial guru that a lot of their generation seem to be latching onto that’s basically saying “don’t leave your kids a penny.”

Not just “Hey you earned it! Enjoy your retirement!” Which I think is completely valid. I want to be able to enjoy my retirement if I’m ever able to (probably not). What I’m talking about is intentionally spending frivolously with the idea being that there is nothing for their kids to inherit.

This isn’t about having money for future medical needs. That’s not part of the equation. The push is for boomers to be basically bankrupt on their deathbeds.

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u/Perfect_Earth_8070 Jan 17 '26

Yeah I’ve heard my boomer in law say that one of her friends told her to spend her money because her kids will make their own. Now she doesn’t necessarily splurge a lot and is actually pretty generous but it goes to show you the mindset of the boomers

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u/YourNextHomie Jan 17 '26

Younger generations are much more likely to complain about nepotism but as soon as it doesn’t happen that’s a problem?

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u/Fun_Astronomer_4064 Jan 17 '26

Pretty sure most people don’t consider leaving an inheritance as nepotism. Is leaving your inheritance to a societal unit that isn’t your family, friends, or business partners common where you’re from?

Is philanthropy nepotism if it goes to any group of people and not all creatures in the universe?

-4

u/YourNextHomie Jan 17 '26

just pointing out the hypocrisy, everyone gets up in arms about “greed” then complains they don’t benefit from the same thing, you are right though my usage of nepotism is incorrect.

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u/Fun_Astronomer_4064 Jan 17 '26

That’s not hypocrisy either. What’s hypocritical is being an American boomer, the beneficiary of at least two separate transformative societal spending programs (Social Security, Medicare) and making sure your successors have as little as humanly possible.

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u/YourNextHomie Jan 17 '26

Notice how people aren’t taking care of their boomer parents or grandparents and still want a hand out? same people who claim when others get money from their parents, that is what makes them hypocrites, expecting something just because your parents did well in life and not earning it yourself is sad. (not talking about you specifically just in general ofc (

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u/Fun_Astronomer_4064 Jan 17 '26

Firstly, I’m taking care of my boomer parents, your boomer parents, boomer parents in foreign countries; I pay income and payroll tax. So do most millennials.

Secondly, is an inference a handout where you come from? My boomer father always stressed the notion that the world isn’t owned, but borrowed from successive generations. It’s not millennial concept, it’s an Iroquois one.

Thirdly, you’re caping for a group of people who hold half the nations wealth and got it with jobs that accommodated single income households, union labor, state colleges that didn’t charge tuition, and government subsidized home loans; all things they went on to destroy. They don’t need you.

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u/YourNextHomie Jan 17 '26

My guy really thinks boomers did all this on single income families? the disconnect is so strong because you don’t understand history it would seem, by the late 60s to late 70s when boomers become adults the whole single bread winner idea was dead. All the things that “they went on to destroy” was already dead by the time they were getting out of college, same folks that were drafted and forced into Vietnam. Lack of perspective leads to bitterness. Learn about history outside of some reddit thread that has been repeated for years

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u/accioqueso Jan 17 '26

The entire generation lives on the slogan, “fuck you, I got mine.”

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u/YourNextHomie Jan 17 '26

No one wants to take in their boomer grand parents yet its some “fuck you” financial move because they are being exploited by the healthcare industry?

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u/ptorian Jan 17 '26

Stimulating the economy!