I live in Denmark and the saying here goes 'if there is anything left for the family when I die, then ive miscalculated ’
Why do the Dutch bury their dead face down?
So they can park their bicycles.
Respect
Det finns inga fickor i svepningen.
In the US the financial times have been so bad for decades that, without assistance, education and having a house are directly correlated with family wealth.
I’m not defending the shit–it fucking sucks.
My brother made an investment portfolio to my nieces because, as he said he’ll leave nothing alse to them lol they are 3
Here’s how this is actually gonna work, at a broad social scale:
With some rare exceptions, the Boomers will sell their homes to pay for medical expenses, and die alone, in either old folks homes, hospitals, or much smaller homes/apartments, or if they’re very lucky, homeless or in a concentration camp for the homeless.
They’ll have to sell their homes because private equity/credit is imploding, and all their pensions and 401ks are ultimately based on that, even if they say they’re not.
And home prices are crashing because:
1 younger generations don’t get paid enough;
2 climate change costs are finally coming due via insurance now actually reflecting climate risks + outsized proportion of the last ~2 decades of new homes being built in high climate risk areas;
3 property tax rates are skyrocketing due to decades of local government mismanagement of budgets and infrastructure.
A fun fact that people do not like to acknowledge is that while yes, big Wall Street investors do largely set the tone and tenor of the housing market, the vast, vast majority of homes are owned by small time “mom and pop” landlords.
And the majority of existing home sales are Boomers selling homes to other Boomers.
They did this to themselves (and to everyone else), and the result will be that they impoverished their children while chastising them for being poor, enriched faceless corporations while claiming they hate them, destroyed the climate while claiming climate change isn’t real… all while claiming that everyone else is entitled, poorly informed about how the world works, and financially irresponsible.
I don’t understand how historically every generation has strived to make the world a better place for their children with the exception of boomers. The greatest generation set them up for so much success, and they’ve done nothing but try to destroy everything for the kids that are coming after them. I’m Gen X and my biggest focus is trying to create something for my children, to have something to pass on to them, to save for their college so that they don’t have to struggle like I did, and to leave them with a better world than the one I got handed.
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times,” - G. Michael Hoof
The quote is men, but I believe it should be generations.
I heard one that goes “the first generation studies war so the next generation can study math so the next generation can study art” Then I guess the art pisses so many people off they go to war.
Or they fail the entrance exam to art school and restart the cycle.
Pretty sure that’s just that one guy, or is this a trend?
A significant number of current day fascists… Ben Shapiro, Donald Trump, Steven Crowder…
They all wanted to be movie stars, script writers, actors, etc.
This is actually a broad trend, that some failed artists develop a megalomaniacal drive to ‘be respected’ in some kind of way, and that way is ‘being a fascist’.
Honestly, you can see the same broad authoritarian personality traits in a much larger subset of artists who basically cannot accept criticism… more often then not they just end up as lolcows, or that one insufferably snooty person you know.
Hard times make hard men, hard men make soft times, soft times make soft men, and soft men make me hard.
They weren’t called the “me generation” for nothing!
The Boomers somehow think they are the strong men, while in reality they are the weak men that were created by the good times, aka the most anamalously prosperous sustained economic boom in the history of the planet.
(Well maybe possibly with the exception of what China has managed in the last ~40 years, but then we get into a very complex discussion)
At risk of playing too hard into the GenX trope: You should be more outspoken about this, and not allow yourself to be ignored.
So… does that mean I’ll be able to buy a house someday after all?
Found Aquaman
… I attempted to write a serious answer to this but basically I got overwhelmed, waaay too complex to attempt to project … 60 years into the future.
So, instead:
‘Outlook cloudy, ask again later.’
Maybe this csn help you make up your own answer:
I am an ‘out of the labor force’ econometrician, not unemployed, out of the labor force, because I’ve been unemployed so long that I have realized that I am now unhireable in the field, and thus gave up trying to find a relevant job.
and die alone,
I doubt it. Every time I’ve made a thread or comment suggesting those who can cut out their MAGA relatives, people start screaming bloody murder.
They make dumbfuck claims like that I’m “spreading hate” or “trying to break up families in trying times”. Simple fact is that you may love your MAGA relatives, but they sure as fuck don’t love you. Its actually indisputable.
Your average Joe sane person has FAR more in common with those your MAGA relatives knowingly and gleefully voted to kill in 2024, than they do with their MAGA relatives.
Your MAGA relatives want you dead too, but they don’t know it because they assume you’ll change to their side when you’re older. That, or they’re too fucking stupid to understand the death penalty they voted for millions to get applies to you too.
Yet still, even as these Nazi fucks gleefully support the massacre of Iranians who are just like you and me, these supposed leftists cry and vomit and scream about the mere concept that they shouldn’t remain close to their fascist relatives. Its honestly insanely pathetic as fuck. If people can’t cut out Nazis, then no boomer dies alone because they are the bulk of MAGA.
I keep reading about how the boomers are going to be the biggest wealth transfer in history when they die, but all I’m hearing about in practice is boomers selling their assets and spending the money.
Well technically, the wealth is being transferred…
Transferred, and concentrated
Or having it taken to pay for medical care and whatnot if they don’t.
Everything else has gone up. The home being sold is going to be taxed, they’ll buy a condo someplace in a retirement community, and maybe they go in a nursing home or assisted living that will make sure to take every last dime in the old person’s account.
That’s because the “me” generation turned out to be total pieces of shit. Who would’ve guessed when they got that moniker AND had to be reminded nightly they had children to keep track of by the local news.
Genx here. Expect nothing and they can’t disappoint
for about ten years I been saying, have no expectations and you cant be dissapointed.
It works more or less
Now this hits too close to home!
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Everything ive read about in the states would indicate that unless you consigned or agreed to something, that debt is not yours. The problem is it doesnt stop the debtors from lying to people, and once you engage or make a payment, you do accept responsibility, as fucked as that is.
Yeah, but the assumption there is that folk assume I’m in the states.
There are literally more than three other countries.
But yes, outside of the law, that’s a surprisingly common practice everywhere.
Tell your Mother’s dealer that debt isn’t inheritable and see how you get on.
Debt generally isn’t something you can inherit, what happened ?
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I’m not in the US. There are plenty of places where it is not standard within the law, but i did state “generally” to cover all bases
Tl:dr: don’t trip over your dick trying to play the “assumptive american” card when it wasn’t called for.
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I’ll be honest, you’re looking for excuses to pick fights now. And not even decent ones.
Then why bring it up in the first place?
I asked a friendly question. You responded irrationally. And now you’re again trying to slam me by…slagging off my penis size? Mate, i’m a cisfemale, you have fuck all luck there lol
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Id just count my blessings that my parents can take care of themselves in retirement and beyond and not have to count on family to come in and take care of them, which is an unfortunate truth for a lot of families in the states.
I dont expect shit, and it almost seems morally bankrupt to expect a generational handout. You get something or you dont, thats life.
I agree it’s a blessing to have your parents be financially independent into their later years. I do think there’s a generational disparity. I don’t think there’s an obligation for parents to pass on some early inheritance, but I just can’t imagine letting my kids face a lower standard of living assuming their career paths and lifestyles were similar. It’s not their fault our leaders and elite have designed a system that reducing the quality of housing and cities while making them more expensive (IMO).
Maybe I’ll feel different when I’m older and I think everything they do is wasteful or something?
I can agree to most of that.
To clarify, what’s morally decrepit is someone passing judgement on an expectation thats the result of distilling down the richness and complexity of a relationship to something transactional and material, so devoid of empathy and compassion.
The truth is that the OP meme is meant to point out how a kid is being slighted because there MAY not be a transfer of wealth. We have no idea how wealthy the parents are, whether they are spite spending it, whether they didnt have retirement saved up and couldn’t afford the house and viewed it as their retirement. I agree that it’s admirable to want to and then to actually leave wealth to your children. But the expectation is repugnant.
I think we’re on the same page because I was more replying to you than the OP. I think the meme is a bit extreme and that was either the joke, or it’s specifically crafted to piss of both sides of the aisle, like so much content today.
I agree with your point with the corollary that if they make that choice, they had better not come knocking on my door if they run into trouble.
I see the issue here less as “the kids get nothing” and more a concern at where they money ends up.
Houses get massively inflated over time… Older parents sell, but the money all ends up at some retirement home. Retirement homes are owned by a bunch of hedge funds and/or rich folk. Staff at these places often aren’t paid particularly well either.
The end result is still higher prices for everyone else, while the rich folk get richer as everything rises into unaffordabilty.
I also see it as a problem of the economy. Their kid, will never be able to afford that house. He will never be able to live in a house like that again. He also got royally screwed.
Home ownership is a luxury. Reality is being stuck renting. Renting is preventing upwards mobility.
Hence why being able to bankrupt two casinos is quite the achievement.
It’s a class war, not a generational war. Every generation has shitty people in it.
My parents received a lot o financial support in order to afford to buy an apartment for our family.
Neither my sister, nor myself has received similar financial support to buy a place to live in.
My parents instead live in a gigantic place they don’t use fully, and own several houses and apartments they rent out for profit. Of course none the real estate they own is anywhere near myself or my sister’s family. They also love to go on fancy expensive vacations all the time and complain about the younger generations. Of course they also get pensions from the companies they used to work for. Something that just doesn’t exist anymore.
There’s a lot of overlap between generational and class war.
But this is your personal experience. There are a shit ton of boomers that are amazing and give their kids hand ups. It’s the system that is broken. Weren’t the proud boys mostly millennials? They were probably living off their parents. Gen Xers are never really shit on anymore because there isn’t enough of them to give an opinion. I can say though, there are a fucking ton of shitty gen xers too.
It’s a class war that built this system, not a generational war.
Sure the system is broken and my experience is anecdotal.
There’s a generational war if you want to call it that. Birthdates fell below replacement rates starting over the last 60 years in European countries. At the same time life expectancy increased significantly. In European countries with state run health care and pensions this has a huge impact.
So now you have lots of boomers that retired early, own real estate, receive government retirement benefits, company or government pension, healthcare, etc.
At the same time there are a big number of immigrants, who cost the state more than they contribute. On top of that the quality of infrastructure and state services keeps decreasing.
Gen X and Millenials are the workforce, who are forced to pay for all of that. Stagnant wages, high taxes, worse government services, worse healthcare, etc. All of it was caused by boomers, their life choices, and political votes.
Boomers still occupy the most powerful positions in the state, other institutions, NGOs, corporations, political parties, etc. Gen X only starts getting there.
The whole demographic crisis was known for decades. However retirees are the biggest voting block. In the end we have an alliance between retirees, capital, welfare recipients, and the state against the productive working population.
proud boys
The success of the populist right is directly caused by the decades of failures by institutions run by boomers and the policies they have voted for.
It’s a class war that built this system, not a generational war.
Class war accelerated the generational war.
I agree, It’s just the time line of things.
It is wild how selfish people can be though. That same time line over the last 50 years, saw a lot of rapid change both social, technological, and economic. Makes sense why there exsists such a rift.
It can be both. Some generations have a higher percentage of shitty people. The obscenely wealthy have always been shitty. AND Boomer’s grew up in circumstances where they were able to get/do whatever they wanted. Now the only way to do that is to shit all over their children. The Boomer’s parents sacrificed a lot to give them a better life without having to worry about how they got there. The Boomers in turn believe they deserve and are entitled to everything they want and their children can fend for themselves.
Yeah, the problem is that one generation keeps shitting on the others.
OK boomer
(/s)
I refused offers to emigrate years ago, the people trying to sell me the idea think I’m better off there… use my brains for the money.
Now, looking at what’s going on, I think my hunches were right, but nonetheless each day I watch the horror continuing to unfold in America.
You couldn’t pay me enough money to ever move to the USA.
A lot of people thought the USA has just descended into fascism. No, it hasn’t, it’s been fascist for a while. We were just nicer to white people for a while longer.
On the bright side, we have apartments full of advanced electronics and consumer products. Back then they had houses with thin walls, a library, and a record player. In order to have a bearable existence, I don’t need as much space as they did.
From their perspective, I’m living in some sort of sci-fi fantasy reality. A millionaire would have traded his mansion to have what I take for granted. They’d empty their bank accounts for an Xbox and an iPhone.
We really gotta implement a land value tax.
An important thing to consider if we have any chance at shifting the trajectory of shelter insecurity (abolishing property would be better but we can do taxes way more easily). One thing I’d be worried about is any elderly people who wouldn’t be able to afford to pay the property tax to live in their own home. This happens all the time already, and god knows most of them don’t live in a place where property tax raises proportionately to the land value, and we should consider why that’s a problem.
The elderly are already in a massive blindspot in popular pro-socialized healthcare discourses, and even “developed” healthcare systems struggle to find support and housing for people as they age. If we start using these sorts of indirect eviction tactics as a means of transferring wealth to the younger middle class via affordable property ownership, many of those people will straight up be displaced into deadly living conditions. I can imagine how this sort of system would make us more vulnerable to the state as we ourselves aged.
Policies like these could easily be used to divert attention from other socialized programs and services that could be improved in a way that generates greater material security more generally, but whose effects would be less immediately apparent to the kinds of people who could even afford an inexpensive house.
I agree that the elderly are often overlooked in this discussion since so much of the housing discourse revolves around boomers that own property and outright dismissing the fact that a large contingent of them are rolling right into infirmity with just about no retirement.
I think nursing homes are going to have to function differently in the coming years to accommodate this, and it’s not going to be easy. Breaking apart the current health"care" bureaucracy will free up a lot of medical staff to practice actual medicine rather than just push insurance paperwork, but the lack of people overall will require leveraging of technology to fill the gap. Technology that is currently being used to burn up our aging infrastructure for the benefit of the Epstein class.
The next few years are going to be filled with grueling work just to ensure we don’t have collapse of social order.
Add the tax but use some of the money to build a shit ton of government housing like the UK did after WWII. Their housing problems only started after they stopped building subsidized housing and started relying on the market (lots of other factors, too, but there is a strong correlation on the timing here).
Yes, that is what I’m saying. When I say that this idea of a property tax that is oriented toward increased property value exclusively runs the risk of satisfying more affluent young middle-class people who are really just expressing aggrieved entitlement to the way of life that their parents and grandparents enjoyed.
A common liberal tactic to disarm broader wealth distribution and social welfare movements is to satiate an element of their criticisms for a substantially powerful group within that movement. Think about how the New Deal disproportionately benefitted white labourers and effectively dissuaded broader socialist and anticapitalist sentiments that had grown in the previous decades, or how queer marriage rights afforded security to property-owning gay men who are now the most conservative-voting queer demographic.
That there is such a risk of victimizing vulnerable elderly people, a group that has BTW been increasingly devalued since COVID started, means that if this policy satisfies enough voters specifically – which is to say suburbanites – it could effectively disarm the accompanying reforms that recognize the interlinked issues of shelter unaffordability and insecurity, healthcare services, education, and food insecurity while simultaneously normalizing policies that disproportionately harm specific groups. Programs exactly like what you referenced here were eroded by those same means, and the luxury of suburban home ownership itself was an immenseley effective tactic in disarming labour unions in the mid-twentieth-century US.
i’m leaving everything to kids. if she needs help it’s up to them
Yeah. Fuck the boomers. They destroyed everything.
this is culture war garbage, i imagine your working class boomer grand / parents are not to blame for the failing of the state.
this has been and always will be an issue stemming from class, economic structure and social stratification.
I’ll throw in an argument that a lot of that generation are either unable or unwilling to understand the plight of their offspring and why they don’t just do better. There is a lot of intra-generational sabotage amongst them as well. I would like to see numbers of men with successful retirement to women, especially given the power disparities in that generation, early on in particular. There’s a lot of not undeserved angst for them, but a lot of them were also screwed over the by rich and those who pretend they are.
My ex has a friend that owns farmland in the greenbelt around here… It came up in conversation what they will do with the business when the folks kick it. None of the kids want to maintain ownership so they will probably sell it 💀 indeed. Just borrow against your asset, so it can stay in the family and you don’t have every single generation starting from fucking zero
