Where Are Prices Going ?

[Fonzy]

I see your point, but don't think that scenario will create a huge impact.  At least I hope not.  Most (but certainly not all) us old retired baby boomers worked our asses off to accumulate whatever wealth we've achieved.  Good for us if we are still healthy enough to go out reap the benefits of it.  I can't stand the entitlement mentality of some younger folks.  They are owed nothing.  If we raised our kids right, with good morals and work ethic, then they should have the tools and desire to build their own wealth.  Just waiting for Mom and Dad to pass and complaining about what they spend is just sick.....

Nothing says 'I love you' and 'I appreciate everything you did for me' more than waiting for your parents to have the decency to die so your own life can finally start.

[70B5Cuda]

Another possible factor is that old people are spending the kids inheritance nowadays. They are taking those holidays, the river cruises in Europe, the trips to all the places they dreamt of as kids, they are spoiling themselves and flying business or first class, staying at 5 star hotels and drinking the good stuff from the top shelf and they are doing it often.

People are living longer, which means they are spending longer and there won't be that massive or even moderate inheritance for the kids, they'll be left with the small apartment that nana and pop downsized to so they didn't have to worry about the garden while they were off cruising the oceans of the world.

There'll be a flood of cars on the market in 20 or so years and no-one with the money to buy them.

I see your point, but don't think that scenario will create a huge impact.  At least I hope not.  Most (but certainly not all) us old retired baby boomers worked our asses off to accumulate whatever wealth we've achieved.  Good for us if we are still healthy enough to go out reap the benefits of it.  I can't stand the entitlement mentality of some younger folks.  They are owed nothing.  If we raised our kids right, with good morals and work ethic, then they should have the tools and desire to build their own wealth.  Just waiting for Mom and Dad to pass and complaining about what they spend is just sick.....

Agreed. If you're counting on an inheritance, you did something wrong. Waiting for someone to die just you get a payday is just wrong. I plan to not tell my beneficiaries what they're getting. Same goes for paying for my college kids college. I've seen too many college kids be irresponsible because "mom and dad are paying for it". I will be telling my kids that I will not be paying for their college. I believe that it will help them make better financial decisions since they will be responsible for the tuition bill. Maybe I can help them out after the fact but I am not promising that up front...before the decisions are made.

[Mike DC]

Complaining about younger folks being lazy & entitled is like complaining that their music is too loud & sexual and they drive too fast.  Young people aren't different now, we just got old. 

[Brass]

Complaining about younger folks being lazy & entitled is like complaining that their music is too loud & sexual and they drive too fast.  Young people aren't different now, we just got old. 

Agreed... and then some...

[RECHRGD]

Complaining about younger folks being lazy & entitled is like complaining that their music is too loud & sexual and they drive too fast.  Young people aren't different now, we just got old. 

Agreed... and then some...

Not complaining about young people in general.  Just the ones that fit the description.  Every generation has had them.  Sorry I didn't articulate my comment enough for you.

[Fonzy]

Think it rather has to do with decency than age. But what do I know I'm just a 29 year old kid

[Challenger340]

Complaining about younger folks being lazy & entitled is like complaining that their music is too loud & sexual and they drive too fast.  Young people aren't different now, we just got old. 

That's my take EXACTLY !

[RCCthatsme]

I'm about to pop $85K for one, so I hope the market goes up or now worse than sideways!

[OldGuy]

I like what my estate planning attorney had to say - "If you have any money left over for your kids when you die, then you didn't plan properly"...! 

[lloyd3]

It does suck to get old, but...it beats the alternative.  Had mine out today (tried to cheer up my son after a hard day at school).  Pretty smoky on start up. Valve guides, I presume?  Got lots of attention at the gas station, so I guess it's still worth something. As far as inheritance goes, my boy isn't going to get much, other than a good start.  He might get the car someday, time will tell on that one. I'll likely be a serious codger by then.

[Fred]

I like what my estate planning attorney had to say - "If you have any money left over for your kids when you die, then you didn't plan properly"...!