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.
It comes from a time where your whole family lived in the same house and the kids eventually take care of their parents. In todays system where people usually dont live with their parents for very long, it doesnt really make sense anymore. People need money long before they get to the age where their parents die. Getting a bunch of money at 30, to establish a life/family, is much more useful and long term impactful than getting it at 50-60. So inheritance is a flawed idea from the start.