Parental responsibility never ends
An independent financial survey estimates that retirees age sixty-two and older in the United States have more than $1 trillion in total assets. That money is mostly in financial institutions charging interest while needy relatives suffer impatiently waiting for the day when it will be their inheritance. But not all old people are so insensitive, they give away their money to their loved ones before they die. There is no better way for seniors to show they care. Those who do can enjoy the pleasure of watching their money get spent. It is a joy that they would never experience if they waited until their death.
The country is in a recession that could end with an influx of spending money. The stimulus money taxpayers will receive during the summer months will help, but it’s not enough. More money is needed. The economy would improve and the recession would end if the trillions of dollars held by seniors were spent. It is up to them to end the recession in a loving way. Immediately handing over your unnecessary assets to your loved ones would trigger a spate of spending the nation has never witnessed before. It would put the unemployed back to work and end foreclosures. I am sure that if our elders realized their power to help, they would respond quickly.
I had a close friend who suffered from a nervous disorder all his life. He lived with the help of a government welfare program that gave him just enough to survive. His parents were millionaires in the real estate business and owned at least twenty apartment houses. They let her son live for free in one of them. But they didn’t give him anything else. I’ve talked to him many times over the years and listened to his complaints. He had little to eat and was alone. The only hope he had was that one day his parents would die and leave him with his millions. They were both dead when he was seventy-two, but the money was left for his two sisters and his children. The only thing he inherited was the right to continue living without paying rent. I have never witnessed such cruelty.
Many older people have more money than they need, while family members who no longer live with them are destitute or have financial problems. They should be required by law to continue their responsibility. The law now states that financial responsibility ends when children reach the age of twenty-one. This law has to be changed. It’s wrong for someone to have their home or car repossessed while their elderly parents sit idly by and watch their bank account grow. If they loved their family members as much as money, this would never happen. Let’s change the laws and make them give a few bucks to the adults they brought into this world.
mepol