> Until the old die, which they inevitably do, and then the transfer completes the cycle back to the young.
It will transfer to the middle aged who will become the old soon. It won't cycle back to the young.
It will transfer to the middle aged who will become the old soon. It won't cycle back to the young.
So there's a pretty decent chance that the old dying are leaving the wealth to the old as well.
It will transfer into the health care system and wealthy share holders.
All but the wealthiest of retirees who make it into their 80’s and 90’s will spend any money they have on healthcare, until they are broke and then go on Medicaid.
There are some families where relationships with grandkids are much more positive than with direct descendants. Families where middle aged don’t need any help, but grandkids could always appreciate a boost to the college fund. Families where the bridges have been burned badly and the money is going to the charity just because. Families where grandpa is on the reverse mortgage busy traveling the world, etc.
The ‘living with your parents’ meme may be tough - but not nearly as tough as having homeless parents!
My great granddad died at 90, my grandad is 93.
Lord knows how old I'll be when I inherit...