I told you that Baby Boomers were, collectively, the most despicable generation in American history. But now they’re really outdoing themselves:
“My goal is when they carry me away in that box that my bank account is going to say zero,” Willison said. “I’m going to spoil myself now.”
Upending the conventional notion of parents carefully tending their financial estates to be passed down at the reading of their wills, many baby boomers say they instead plan to spend the money on themselves while they’re alive.
In a survey of millionaire boomers by investment firm U.S. Trust, only 49% said it was important to leave money to their children when they die. The low rate was a big surprise for a company that for decades has advised wealthy people how to leave money to their heirs.
Needless to say, they’re not too worried about fixing the economy either. All far too many of them care about is that Social Security and Medicare last long enough to see them to their graves. Still talking about Woodstock, of course.