Lucky for me my parents were both “I didn’t save anything for retirement, my kids will take care of me when I’m older”, so I don’t have to suffer through this.
Lucky for me my parents were both “I didn’t save anything for retirement, my kids will take care of me when I’m older”, so I don’t have to suffer through this.
Yes… That is their money. They should spend and enjoy it.
They also voted for Bush II’s wars with money borrowed from a generation that couldn’t vote yet.
In fairness, this article is pure bait. It neglected the rising cost of living for people on fixed incomes and treats these draw downs on savings as a frivolity, rather than a consequence of inflation on senior care and medical needs.
But liquidating household assets via instruments like reverse mortgages and loans against large savings accounts and pensions can mean saddling your children and grandchildren with big debts even after you’re gone.
Yeah, the money is mostly spent on medical care, getting scammed and retirement homes. Capitalism is making sure all that money goes to the 1% before it ever gets to you.
It’s not their money. It’s rent money they stole from the next generations by being parasites hoarding property as an investment.
And you have the option to do the same, or you don’t, its up to you
You’re right, oblivious rich 20 year old. Everyone can be a landlord.
Probably the rest of us won’t last much longer than them now anyway.