Robert Neubecker, "Parents, the Children Will Be Fine. Spend Their Inheritance Now.", NYT 9/19/2014, reports "polling data from both older Americans and their adult children about whether they expected to leave or receive an inheritance":
Among the parents, ages 59 to 96, 86.2 percent expected to leave a bequest. But just 44.6 percent of the children, ages 40 to 60, thought they would get one. […]
The message here would seem to be that aging parents are generous to a fault, if a bit manipulative on occasion. Adult children, meanwhile, accept their obligations to care for their parents with little expectation of receiving anything in return, though some who remain on the dole well into adulthood expect their parents to provide for them from the grave too.
The study’s yes-no questions, however, are relatively limiting. Many parents may be hoping to leave just a token amount, after all. Adult children might lie about their expectations to please the researchers, too. And besides, even if you expect nothing it doesn’t mean that you don’t badly want that very thing.
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