This happens in every generation. Some people just can't see or live with planning for the future.
In the USA, the percentages are actually going up on the number of people living from day to day with little savings or plans for the future is going up. The BBs were about 15 to 20 percent. Gen x and early millennials are showing closer to 30 to 50 percent. More and more people especially with the move towards socialism, seem to think who cares the government will take care of me.
There is actually some supporting evidence to live that way. If you own a business, have savings and have planned for your future, when you get old you can't pass those things on to your children or family if you get sick or need long term care. You have to liquidate almost everything and spend every dime untill you are broke. Then and only then will the government start helping and taking care of the bills, however, if you don't have anything to start with they'll start picking up the cost right away. So some people have learned spend it and live on it now or just plan on giving it to the doctors and medical care. If you die quick then maybe you'll have some to pass on.
IIN my siblings and I won't inherit anything?
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This happens in every generation. Some people just can't see or live with planning for the future.
In the USA, the percentages are actually going up on the number of people living from day to day with little savings or plans for the future is going up. The BBs were about 15 to 20 percent. Gen x and early millennials are showing closer to 30 to 50 percent. More and more people especially with the move towards socialism, seem to think who cares the government will take care of me.
There is actually some supporting evidence to live that way. If you own a business, have savings and have planned for your future, when you get old you can't pass those things on to your children or family if you get sick or need long term care. You have to liquidate almost everything and spend every dime untill you are broke. Then and only then will the government start helping and taking care of the bills, however, if you don't have anything to start with they'll start picking up the cost right away. So some people have learned spend it and live on it now or just plan on giving it to the doctors and medical care. If you die quick then maybe you'll have some to pass on.