Baby boomers were taken care of by their parents until the parents died; now they are sending the bills to their children.
“Baby boomers were taken care of by their parents until the parents died; ...”
Source, please. I gladly contributed $1200 per month towards my mother’s assisted-living rent until she died because I didn’t want her to live in a Medicare/Medicaid facility. I know many others my age who did the same. Not all of us children of the so-called Greatest Generation had a large (or any) inheritance. $64,000 is the median amount.
And many of us boomers are still subsidizing our adult children, so we are often paying out to both generations.
What? Supported? You are nuts!
Nobody every supported me after high school!