There is no way that capital isn’t going to devour our parents’ money and savings, almost certainly via medical bills. It’s not realistic to expect to inherit anything at all. That money is going straight to the Cayman Islands. Either that, or it’ll be gambled on A.I. or some other meme stock.
My grandpa got duped into a reverse mortgage and then my grandma had to sell everything they had accumulated over the past 60 years to pay for less than a year of hospice.
She passed away last week and now there is literally nothing left.
And they were pretty well off. My grandfather was an aerospace engineer who worked on the Apollo project, so they were in the sweet spot to accumulate wealth in a non-bourgeois sense.
Nursing homes are the good scam. When you start up they'll just liquidate your assets and use the proceeds to pay for your treatment and once you're fully destitute you'll get covered by the government. Enjoy bills of >500 a day just to exist since your family can't take care of you anymore.
There is no way that capital isn’t going to devour our parents’ money and savings, almost certainly via medical bills. It’s not realistic to expect to inherit anything at all. That money is going straight to the Cayman Islands. Either that, or it’ll be gambled on A.I. or some other meme stock.
My grandpa got duped into a reverse mortgage and then my grandma had to sell everything they had accumulated over the past 60 years to pay for less than a year of hospice.
She passed away last week and now there is literally nothing left.
And they were pretty well off. My grandfather was an aerospace engineer who worked on the Apollo project, so they were in the sweet spot to accumulate wealth in a non-bourgeois sense.
My grandparents will leave nothing to their kids, all of whom are well educated boomers so they're fine. My cousins and I are fucked.
Or nursing homes/retirement communities. Those are outrageously expensive and will absolutely eat huge amounts of savings
Oh sure, but the holders of that capital will be Millenials, so it's all good, right?
Right?
Nursing homes are the good scam. When you start up they'll just liquidate your assets and use the proceeds to pay for your treatment and once you're fully destitute you'll get covered by the government. Enjoy bills of >500 a day just to exist since your family can't take care of you anymore.