I have friends from childhood that were born retired.
The grandparents, or the parents, made it big with a chain of women’s clothing stores, worked hard, and saved their money.
Of the three children, the oldest daughter is a slave driver just like the dad, the middle daughter lives off her stipend, And the son, one of my oldest acquaintances, has been a hot mess since grade school.
I live in an area where living costs are low.
There are lots of people who win the lottery, get insurance settlements, get inheritances, and then just evaporate them.
My own children will be modest trustafarians when I die.
I’d like to think my grandchildren, (however many there turn out to be), will be the primary beneficiaries.
Trans generational capital transfer is always a, “hope for the best, but plan for the worst, endeavor”.
But when you are dead, you are dead. It’s all someone else’s problem.
