Millennials are likely to enjoy the biggest "inheritance boom"

LabR@t · 30 Dec 2017 at 14:53

https://news.sky.com/story/can-a-millennials-inheritance-boom-solve-the-housing-crisis-11189157

So how do the resident millennials feel about this? With the recent calls of how unfair life is, will this make them feel any less angry towards the older generation?

MrRockliffe · 30 Dec 2017 at 14:56

I don't see why a millennial would have any reason be angry with the older generation.

Any behavioural problems surely stem from the previous generation not doing their job as parents properly?

Ah wait, that's how

Can't wait for my dad to kick the bucket and give all his money to my step sister!

Ayahuasca · 30 Dec 2017 at 14:58

Moses said:
I’ll inherit a fair bit from my father, but if he’s anything like his mother then he won’t die until I’m 55. I’m not going to benefit financially from my father’s death... my kids will.

The millennial baby boom generation.

chief barker · 30 Dec 2017 at 15:02

LabR@t said:
https://news.sky.com/story/can-a-millennials-inheritance-boom-solve-the-housing-crisis-11189157

So how do the resident millennials feel about this? With the recent calls of how unfair life is, will this make them feel any less angry towards the older generation?

Let them inherit the wealth then force them to have it redistributed to the poor?

That's what they want, right?

PapaLazaru · 30 Dec 2017 at 15:06

LabR@t said:
will this make them feel any less angry towards the older generation?

What makes you think they do?

cheesyboy · 30 Dec 2017 at 15:09

LabR@t said:
https://news.sky.com/story/can-a-millennials-inheritance-boom-solve-the-housing-crisis-11189157

So how do the resident millennials feel about this? With the recent calls of how unfair life is, will this make them feel any less angry towards the older generation?

Great, millennials will be able to finally afford a home and be in a stable financial position to start a family. At an average age of 61...

gettothechopper · 30 Dec 2017 at 15:13

this is why everyone (young and old) didnt like May's plan to take a chunk of peoples inheritance

anyway building a life on "cant wait till my parents bugger off and die" isn't really very nice way to live is it?

its not about young people being mad at older people, its just that the system that made our parents even slightly comfy is broken now to the point that its very much harder to own your own home, let alone a decent one in a nice area and forget about pensions or retiring etc

LabR@t · 30 Dec 2017 at 15:14

cheesyboy said:
Great, millennials will be able to finally afford a home and be in a stable financial position to start a family. At an average age of 61...

Or they borrow and pay off debts with inheritance, like most other people do, or are they special, oh of course they are aren't they

LabR@t · 30 Dec 2017 at 15:15

chief barker said:
Let them inherit the wealth then force them to have it redistributed to the poor?

That's what they want, right?

Social justice init ll, lol

delta0 · 30 Dec 2017 at 15:27

Queue generation Z and Alpha (had to look that one up) complaining millennials had it handed to them on a plate.

Randomface74 · 30 Dec 2017 at 15:30

My inheritance will be a small house in Hull if I'm lucky. So nothing to write home about.

The same house here (Oxfordshire) would be about 3x the price - so this story is totally different depending where your family lived.

By the time I inherit anything, i'll have already paid off my mortgage and perhaps even retired myself, so it won't really change much about my life.

LabR@t · 30 Dec 2017 at 15:38

billysielu said:
My inheritance will be a small house in Hull if I'm lucky. So nothing to write home about.

The same house here (Oxfordshire) would be about 3x the price - so this story is totally different depending where your family lived.

By the time I inherit anything, i'll have already paid off my mortgage and perhaps even retired myself, so it won't really change much about my life.

Are you a millennial?

SpeedFreak · 30 Dec 2017 at 15:39

LabR@t said:
https://news.sky.com/story/can-a-millennials-inheritance-boom-solve-the-housing-crisis-11189157

So how do the resident millennials feel about this? With the recent calls of how unfair life is, will this make them feel any less angry towards the older generation?

It is also intrinsically unfair as receipt of inheritance is outside of ones control. Surely it just demonstrates a long term redistribution of wealth between generations?

Nitefly · 30 Dec 2017 at 15:41

Zzzz.

Randomface74 · 30 Dec 2017 at 15:43

LabR@t said:
Are you a millennial?

Yep I'm 31.

Stev · 30 Dec 2017 at 16:03

LabR@t said:
Or they borrow and pay off debts with inheritance, like most other people do, or are they special, oh of course they are aren't they

Burrow large sums of money in the hope of an inheritance in an undetermined amount of time? yeah, cant see anything wrong with this.

glenimp617 · 30 Dec 2017 at 16:05

I'm right on the cusp of being a millennial (born in '78) and whilst I agree that at some point I will 'perhaps' get some inheritance as both sets of parents are home owners....I don't agree that my generation has/will have it easier than the one before it. Certainly those being born today under the current schemes face the biggest challenges.....unless these modern new age plans the governments are trialing actually come to fruition.

Pensions and house prices are the biggest factor.

The mrs parents paid off their mortgage long ago (easily done when their house cost about £2,000 when they first bought it), have a very nice savings pot and a decent pension to live off. They go on at least two holidays a year and according to them never had the stresses of todays modern living.

My parents are younger, but bought their current house for £40,000 which is now valued at £200,000. Nice amount to pay off these days.

LabR@t · 30 Dec 2017 at 16:56

Stev said:
Burrow large sums of money in the hope of an inheritance in an undetermined amount of time? yeah, cant see anything wrong with this.

everyone borrows to by a house?

TJM · 30 Dec 2017 at 16:57

Stev said:
Burrow large sums of money in the hope of an inheritance in an undetermined amount of time? yeah, cant see anything wrong with this.

Luckily, repaying this debt won't be a problem as banks will not lend nearly enough to buy a property to anyone on an average salary in the first place.

Housey · 30 Dec 2017 at 16:59

LabR@t said:
https://news.sky.com/story/can-a-millennials-inheritance-boom-solve-the-housing-crisis-11189157

So how do the resident millennials feel about this? With the recent calls of how unfair life is, will this make them feel any less angry towards the older generation?

Of course not, young people always get angry at the old people, it's life. One day they walk in those old peoples shoes and realise what the word perspective means, but until then angst and anger is their right of passage. Ever was it thus, ever will it be.