Boomers, Generational Wealth, and Inequality

Eh? I’d guess most people who posts here has boomer parents and I doubt many take money from them.

My mom bought me a $750 used truck for college graduation and was there to loan me $1k every now and then over the years, which was embarrassing when I was in my 40s and busto from poker. I still technically owe her $6,500 (which would be a lot more with interest).

It’s not much, but that money was an absolute lifesaver at the time, which I realize a lot of poor and working poor don’t have access to.

My Dad is a starving poet, so money from him was never a possibility.

A few of my friends whose parents are more well-off got help on their first house. Not sure if it was a loan or a gift, but I know they otherwise didn’t have the money to buy a house in their 20s.

Nah the rich boomer special is guilt your kids about how easy they have it, complain about life choices and give zero dollars.

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That’s “help”, chesser here said “helping” which I took to mean regularly taking cash from your parents in your 40s.

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You should tell us about it or do a AMA so we can understand how your generation is managing surviving the easiest timeframe to live in one of the most advantageous countries to you on earth ever.

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And they’re still CONSTATLY fucking aggrieved. It’s insane. If you spend time with the average boomer their life literally revolves around complaining.

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I’m not sure what you’re asking? Can you rephrase what is it you want?

You posted that most well-off boomers are supporting their kids.

As a self admitted well-off boomer can you please tell us what in your life, or what evidence you have that this is actually occurring on some large scale?

What kind of garbage people are you forced to spend time with? They sound miserable beyond belief.

I’m not forced to be around anyone, which is why I never see or talk to them anymore

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I’m positive you misread what I wrote.
Read it again

This implies you think that the vast majority of well-off Boomers are helping their kids right?

As a well-off boomer, why do you think that?

What? Everyone I know plus or minus ten years my age who owns a home, their boomer parents either gave them the down payment or did stuff like pay 100% of their tuition plus a new car at college graduation

The renters all have boomer parents who would have helped to that extent or greater if it was at all possible, and still did help the maximum amount they could when needed

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Yes?

This is getting tedious.

So which part don’t you understand? Can you just answer the question? Why do you think that?

I agree it’s tedious because you are playing dumb instead of just answering the first post I made.

A few people are bitter that their boomer parents didn’t shower them with cash, and hate a whole generation for it. Self-awareness is not humanity’s strong suit

Since you clearly misread or misinterpreted what I wrote, I still don’t know what you want from me.

Fair enough. I am bitter as my parents buy their 3rd house to sit on vacant of acres of land meanwhile lecturing me why I am not saving more for retirement or doing more in my career. Maybe I should just work harder or sacrifice more to be able to get that 3rd empty house or do life like they did in the 70s-90s as if I had a magic wand to make that my reality.

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Do you think the “vast majority of” well-off Boomers are helping their kids? If the answer is yes what evidence do you have of that?

I’m not sure how to dumb it down farther for you.

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That sucks man. Sorry.

My parents couldn’t afford to help me to the extent of many of my friends and acquaintances, but I still won the parent lottery by a country mile. I try to remember that every day.

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