“Boomers have retired and are now burning thru their Millennial & Gen Z kids’s inheritance.”
This Boomer and siblings are supporting our elderly parents. That’s how we’re “burning through ... our kids’ inheritance” , and our savings.
Same here. I’m a boomer and don’t know what the word inheritance means. I had to pay out of my pocket to bury my dad. My wife’s parents died owing us $50,000 from making their mortgage payment for 12 years. But we have two friends the same age as us, one inherited a million dollars and the other $700,000. Yet we still split the restaurant tab.