Eh, most of my cohorts parents are late baby boomers and many of their parents are still alive. Most of the ones I know closely (millenial's grandparents) are depleting their savings so they can get Medicare end of life care at a facility or home health assistance. Most 18-35 year-olds won't be seeing possible inheritance for a few more decades. With our parents (boomers) median net worth of only $179,000 at age 64, most barely own their homes when reaching retirement. End of life care and reverse mortgages should sabotage most people's hope of generational wealth transfer. Many will likely have to provide care in some way for their destitute parents in old age. Same reason the average 21 year old in the U.S. in 2016 has a net worth of -38,000 dollars - mommy and daddy certainly weren't saving for Junior's college.
There's a reason 18-35 year olds are the best educated(highest college completion rate), poorest (median net worth, real dollars) and lowest paid (median income, real dollars) with the highest sustained unemployment rate for their age group since before WWII - I think that "P7" in Speed Gray's signature sums it up nicely. Piss poor planning on a variety of levels. Parent's who spent most of what they earned, even as the highest earning generation in our history, and cheering on little Suzy with an ACT score of 19, to 4 years of private out-of-state college for underwater basket weaving.
