The Generational Shift
Oh my, I didn't know people had given away all their assets to charity... wow, that's unheard of.
If that's the case, that's serious... hmm, yeah, that other generation after the millennials, the ones who'll inherit now... will they destroy most of it or preserve it?
But yeah, the third generation, those ones... you are right, they're not prepared, and they haven't been educated to take care of family inheritances. I've seen that kids don't have the same respect for elders as we grew up with... or as we were taught
Yeah, I see many still working, all because they have to please their lazy kids or grandkids whose expectations are too high 💸.
Sorry Galberto, I think you misunderstood... I don't think large numbers of people are giving their assets to charity.
What is happening is that they are signing their assets over to Assisted Living Senior Residences, the places that elderly people go and they make all their meals and looking after them. These residences get all their assets in exchange for the seniors living there for the rest of their lives.
I don't think people are working past retirement ages because of lazy kids or grandkids - they are still working because they simply do not have enough to retire themselves.