BABY BOOMERS SPENDING CHILDREN’S INHERITANCE, USING IT ALL BEFORE THEY DIE

Posted on October 3, 2016

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Daily Mail: “They have been dubbed the selfish generation – and it seems many baby boomers are planning on spending their money on themselves, rather than setting it aside for their children and grandchildren.”

The generation born between about 1947 and 1964 struck it lucky, benefiting from good wages and rising property values before retiring on gold-plated pensions. …
According to a new survey of 1,000 grandparents aged 50-70, one in six plan to spend all their money before they die
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The poll indicated 75% wanted inheritance tax eliminated, 80% had done no planning to help their families pay it.

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DM- The baby boomers spending their kids’ inheritance: One in six 50 to 70-year-olds say they plan to use up all their money before they die

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Posted in: News