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I'm GenX. I've spent my entire life watching the Boomers fuck things up, then having to wade through the debris they leave in their wake.
I'm not expecting that to change now.
GenX here as well. My mother died horribly of cancer when I was 13 and my father left about two weeks after her death and I was legally transferred to the State's custody.
I've been told I'm "lucky" in that I'll never have to shoulder my parent's debt. So, you other people don't know how lucky it was to be an orphan! But no really, a finical planner literally indicated to me that, THAT was a positive. And somehow that's really colored my opinion on where we are as a society.
What do you mean by shoulder your parent's debt? Do you live somewhere that debts can transfer to children?
Yeah here in Tennessee we have filial laws that puts some of that debt that parents rack up on the backs of the children. TCA § 71-5-115.
That's horrifying 🥲
Sounds like a great reason to GTFO of Tennessee
As much as I liked to blame Governor HVAC. It's really the fact that the Frist family exists.
https://www.linkedin.com/pulse/when-can-adult-child-become-liable-parents-nursing-home-a-perry
Looks like that is very narrow in scope and has only been applied one time throughout the entire us.
Effectively the chances of inheriting debt through this is zero.