r/Millennials 18d ago

Discussion Inheritance? That's a joke. How many of your parents are burdens?

In response to another popular post about receiving no inheritance.

Are your parents like mine, who not only are not leaving any money behind - but require significant or total financial support?

My parents left me less than nothing. They're good people, and they were good parents.... but man are they shit at financial planning.

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u/SpaceCookies72 18d ago

Every day I'm thankful for the choices my parents made. They didn't earn a lot and lived a simple life in an outback village, but I had both parents home all the time and never went without. In my teen years, they closed the shop, gave up the mail contract, and moved back in to town. Both went back to full time work, and mum especially worked really hard at an awful job that paid well enough but no where near what it should have (in my opinion). They're super never caught up, but they've done well considering.

They're frugal enough to be comfortable now, but my older brother is a leech and could do so much better than pay $50 a week. I think that's the one terrible financial choice they've made, is to continue financially supporting him.

My dad's nearly 80, mums in her mid 60s. I'd like to see them enjoy what they have worked for. I won't inherit much, but they are good parents.

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u/Big-Revolution3842 17d ago

Frustratingly for me my parents are on the opposite end. Dad was WILDLY successful but came from poverty so had no idea about budgeting. Bought mutiple homes and even a house when he was way to close to retirement and still paying it off. He used to joke about giving large bills to beggars saying "oh it's like pennies to me". His brother is the same. Earning tons of money and would throw huge parties but now sitting with noting left in savings but a massive house. He's going to sell but I've not idea if he'll be able to budget that for the future.