Why do some parents not leave any money to their kids?

This is gross, but a lot of people don’t even have “a few hundred K left” when they pass. A lot of people are just that bad at life.

some don’t even have that wrote:

This is gross, but a lot of people don’t even have “a few hundred K left” when they pass. A lot of people are just that bad at life.

What were these people planning to do if they lived a few years longer. Seems shortsighted.

You could have a great pension, but when you die, the pension goes away and you may not have any net worth.

"What were these people planning to do if they lived a few years longer. Seems shortsighted."

Most people are dependent on social security that comes every month. In general having a surplus of money is extremely difficult for most people. It's certainly possible, obviously, but very difficult nonetheless.

where better to put that money than with the people you've already given your life to helping grow?

A highly effective charity

some don’t even have that wrote:

This is gross, but a lot of people don’t even have “a few hundred K left” when they pass. A lot of people are just that bad at life.

A lot of parents would be grateful not to have their children turn out like you.

If you consider not having a few hundred k left when you die as being bad at life, then I feel truly sorry for you.

Did the first two posters collaborate to build the most obnoxious and most millennial thread of the day?

I know a person who left his money to his brother instead of his kids.

you can't take it with you wrote:

I don't think everyone needs to leave their kids some massive trust fund, but a lot of parents leave their kids absolutely nothing. Where exactly do these people leave their money?

Even if you only have a few hundred K left when you pass, where better to put that money than with the people you've already given your life to helping grow?

What ever money you make, you can spend any way you want...buy an RV and travel the country, buy a house at the beach, etc. People are totally justified in spending all their money before they die if they want.

if my parent's have a few hundred thousand when they die I will be disappointed......disappointed that they weren't able to spend the money enjoying life.

worrying about how much money you are going to inherit or how much you have to pass on is a waste of life, as is trolling running boards with threads like this.

Flagpole wrote:

you can't take it with you wrote:

I don't think everyone needs to leave their kids some massive trust fund, but a lot of parents leave their kids absolutely nothing. Where exactly do these people leave their money?

Even if you only have a few hundred K left when you pass, where better to put that money than with the people you've already given your life to helping grow?

What ever money you make, you can spend any way you want...buy an RV and travel the country, buy a house at the beach, etc. People are totally justified in spending all their money before they die if they want.

https://i.ebayimg.com/images/g/oD8AAOSwyrFZOnhV/s-l300.jpg

Again though, I'm not talking about leaving a set-for-life kind of trust fund. I'm talking about a few hundred K from whatever's left after the RV trip or touring Europe or whatever else you want to do. I get that some people literally die with nothing, but that can't be the majority and it can't account for the large number of people I know in roughly my own economic class who didn't see any money.

maybe the parents saw their kid make smug, entitled posts meant to troll people slightly less fortunate than them financially, and decided to teach their little punk son a lesson by cutting his inheritance to teach him some humility and empathy.

that's just one theory...

A lot of people have basically nothing. That's why social security exists. Despite how easy it is to save half a million or more for retirement through lifelong contributions to a broad market index fund in a 401k or IRA, it is still very common for people to not even start saving for retirement until their 50s, and then they do so in such a conservative manner that they end up with $100,000 or less. I know plenty of people who don't even understand the difference between investing and saving. They put their retirement money in a fvcking savings account.

Read even a single book on finance and do what it says and you will be ahead of 70% of people out there. Considering a $15 book can save/earn you tens, even hundreds of thousands of dollars, you'd think more people would be keen on investing in one, but they don't.

you can't take it with you wrote:

Flagpole wrote:

What ever money you make, you can spend any way you want...buy an RV and travel the country, buy a house at the beach, etc. People are totally justified in spending all their money before they die if they want.

https://i.ebayimg.com/images/g/oD8AAOSwyrFZOnhV/s-l300.jpg

Again though, I'm not talking about leaving a set-for-life kind of trust fund. I'm talking about a few hundred K from whatever's left after the RV trip or touring Europe or whatever else you want to do. I get that some people literally die with nothing, but that can't be the majority and it can't account for the large number of people I know in roughly my own economic class who didn't see any money.

Actually, it is the majority who die with nothing.

Do try to keep up.

And hoping that your parents will provide for you when you are an adult (even when, or especially when, they pass away) is pathetic beyond belief.

you can't take it with you wrote:

I don't think everyone needs to leave their kids some massive trust fund, but a lot of parents leave their kids absolutely nothing. Where exactly do these people leave their money?

Even if you only have a few hundred K left when you pass, where better to put that money than with the people you've already given your life to helping grow?

Most people have the majority of their net worth in real estate. Children from first wife get nothing because courts usually are not going to put second wife/widow out of house in order to give kids from wife #1 a portion of assets.

yawn yawn wrote:

some don’t even have that wrote:

This is gross, but a lot of people don’t even have “a few hundred K left” when they pass. A lot of people are just that bad at life.

A lot of parents would be grateful not to have their children turn out like you.

If you consider not having a few hundred k left when you die as being bad at life, then I feel truly sorry for you.

It's devastatingly sad that people don't have a few hundred K to their name when they die. It either means they died tragically young or they were really bad at saving.

not even that rich wrote:

yawn yawn wrote:

A lot of parents would be grateful not to have their children turn out like you.

If you consider not having a few hundred k left when you die as being bad at life, then I feel truly sorry for you.

It's devastatingly sad that people don't have a few hundred K to their name when they die. It either means they died tragically young or they were really bad at saving.

Most people are just getting by. Only app. 70% of U.S. adults over age 30 have a BA/BS. Most college graduates are not wealthy. App. a third of non-four year college graduates are doing okay. If your world is the top one percent, think what you can do to make the world better for others.

not even that rich wrote:

yawn yawn wrote:

A lot of parents would be grateful not to have their children turn out like you.

If you consider not having a few hundred k left when you die as being bad at life, then I feel truly sorry for you.

It's devastatingly sad that people don't have a few hundred K to their name when they die. It either means they died tragically young or they were really bad at saving.

or maybe they were really good at life and had a great time, had good friends, and didn't waste their time on earth on trivial pursuits like wealth accumulation or trolling an incel message board on a Friday night.

you seem to be tragically bad at trolling, I hope you are better at savey savings. everyone likes the saver.

you can't take it with you wrote:

Flagpole wrote:

What ever money you make, you can spend any way you want...buy an RV and travel the country, buy a house at the beach, etc. People are totally justified in spending all their money before they die if they want.

https://i.ebayimg.com/images/g/oD8AAOSwyrFZOnhV/s-l300.jpg

Again though, I'm not talking about leaving a set-for-life kind of trust fund. I'm talking about a few hundred K from whatever's left after the RV trip or touring Europe or whatever else you want to do. I get that some people literally die with nothing, but that can't be the majority and it can't account for the large number of people I know in roughly my own economic class who didn't see any money.

Elder care at the end of life takes a lot of money from people. I had a grandmother who blew through $300,000+ very quickly at the end of her life due to health care costs.