Wait till all the Boomers, and the people who have been keeping the lights on for decades are GONE.
THAT is the cold shower they are all facing. :)
Someone will have to teach them about ‘priorities’ and how to MAKE MONEY
They'll be doubly shocked when they learn there's no inheritance to live off of.
We're getting ready to do a cash out refi to completely remodel our house, plus take some money to travel for a few years. Won't be much left for the kiddos after that, though there'll still be close to $100K in equity.
They shouldn't hold their breath. I just turned 65 and pretty good shape...I'm not ready to turn the reins over to them just yet.