Do baby boomers feel guilty about shafting younger generations?

HAMISH_MCTAVISH

wageslave wrote: »

But what about those that are coming after you? Your son or daughter. Don't they matter?
.

Unless you are expecting a sudden mass outbreak of people leaving houses in their will to the local cat shelter.......

Those coming after will be just fine.;)

vivatifosi

wageslave wrote: »

At the risk of sounding like a total see-you-next-tuesday, I'd be bliddy furious.

I can put up with my Ma buying lispy Santas from QVC and tacky jewellry but if I thought she was wasting every penny, I'd be extremely cross.

I would expect my daughter to feel exactly the same.

It may be politically correct to say no one owes us anything but I don't see it as particularly realistic. You bring a child into this world and, by christ, you owe them.

You owe them a decent upbringing, a decent example and a decent start.

You want to blow everything on scratchcards, don't have kids

Your parents are probably a lot wealthier than mine wageslave. Mine still have a mortgage and my dad still works even though he's past retirement age. I'd just much rather they did an equity draw down of some sort and lived a more comfortable life. Nothing to do with scratchcards, my lot aren't that wasteful. I just don't need the money as much as they do.

ukcarper

Kohoutek wrote: »

Because they've been running the country and dictating education policy for the last 13 years, or the last 20 if you include John Major (is born 1943 a boomer?).

That's all of the babyboomers is it? I would put the blame at the feet of the politicians but not babyboomer in general.

wageslave

vivatifosi wrote: »

Your parents are probably a lot wealthier than mine wageslave. Mine still have a mortgage and my dad still works even though he's past retirement age. I'd just much rather they did an equity draw down of some sort and lived a more comfortable life. Nothing to do with scratchcards, my lot aren't that wasteful. I just don't need the money as much as they do.

I accept, the whole wealthier thing. But I am not and every time I make a financial decision that will impact on my daughters life, I agonise and sit her down and make umpteen excuses for doing what I did.

One question.

Would your parents be happy spending every penny they have scrimped and saved to leave you bug ger all?

Cleaver is right, as far as I can see. We are hardwired to help the next generation. And they are hard wired to expect it.

Doesn't make any of us bad people

Malcolm.

vivatifosi wrote: »

Your parents are probably a lot wealthier than mine wageslave. Mine still have a mortgage and my dad still works even though he's past retirement age. I'd just much rather they did an equity draw down of some sort and lived a more comfortable life. Nothing to do with scratchcards, my lot aren't that wasteful. I just don't need the money as much as they do.

Equity drawdown has some bad press, although not as much as sale and rent back. If you're wealthier than your parents, could you increase the mortgage on your own home to give them money in the knowledge you'll inherit their home.

ukcarper

wageslave wrote: »

I accept, the whole wealthier thing. But I am not and every time I make a financial decision that will impact on my daughters life, I agonise and sit her down and make umpteen excuses for doing what I did.

One question.

Would your parents be happy spending every penny they have scrimped and saved to leave you bug ger all?

Cleaver is right, as far as I can see. We are hardwired to help the next generation. And they are hard wired to expect it.

Doesn't make any of us bad people

I think you may be partly right we are hard wired to help the next generation but I'm not so sure we are hard wired to expect it I don't.

Malcolm.

wageslave wrote: »

Cleaver is right, as far as I can see. We are hardwired to help the next generation. And they are hard wired to expect it.

In the main I agree.

I have seen some people who couldn't care less for their own offspring, let alone the next generation.

wageslave

Viva, on a completely different note, did you watch the channel 4 thing on traveller weddings last night?

How did it make you feel?

Dont answer if it is too personal

vivatifosi

wageslave wrote: »

I accept, the whole wealthier thing. But I am not and every time I make a financial decision that will impact on my daughters life, I agonise and sit her down and make umpteen excuses for doing what I did.

One question.

Would your parents be happy spending every penny they have scrimped and saved to leave you bug ger all?

Cleaver is right, as far as I can see. We are hardwired to help the next generation. And they are hard wired to expect it.

Doesn't make any of us bad people

Crikey I don't think anyone can be defined as a bad person along these lines. I actually agree with what you said about providing a good framework for a child's development. That's more important than anything.

In answer to your question, no I don't think my parents would be happy and that's my dilemma.

vivatifosi

Malcolm. wrote: »

Equity drawdown has some bad press, although not as much as sale and rent back. If you're wealthier than your parents, could you increase the mortgage on your own home to give them money in the knowledge you'll inherit their home.

Thanks for the thought Malcolm, this is something we're looking into as an alternative. Wageslave, didn't watch the programme, so can't comment! Am having a nightmare with my keyboard tonight, so may have to go offline, sorry if I have to drop out of this its an interesting debate.