patrick.net

You know they’ll just spend it on socially fashionable shit like gay rights, social justice, equity… fund destruction of America paved with good intentions.

I'm not a subscriber so I could only read the first few paragraphs.

1) The average wealth of the 70+ bracket is up 7% in part because life expectancy has increased by 5 years in the past 30. More people over 70 = longer until their wealt is passed down and more opportunity to build wealth since many are retiring later than 30 years ago.

https://www.macrotrends.net/countries/USA/united-states/life-expectancy

2) Given the average inheritance cited in the article, I wonder how much of that wealth is due to the sale of the deceased primary residence by their heirs. I'd be willing to bet the 45% rise and home prices correlate closely to the gain in average inheratnce, but I don't have the latest Case Schiller charts on hand.

I don't see how givong away once wealth in advance helps. Remember the parable about the prodigal son?