Agree it's too broad and deep of a subject matter to distill to a few talking points. Really does require an understanding of what was going on before, during, and after each generation's main working years. I found the Fourth Turning book very helpful as a primer in that regard.
W/r/t asset transfers, you're most likely right that eventually these things roll forward (assuming that the bottom doesn't fall out in asset values, again) but as a member of that younger generational cohort I have to sort of argue the point that, yes, it's nice to have a million-plus dollar house passed to me in my sixties or seventies when my parents pass, but a hundred grand cash in my 30's would be far more impactful to how I conduct my career choices and child rearing.
The point was made a few years ago that so many in the younger generations are attracted to socialist or leftist economic policies because they've been priced out of having any skin in the capitalistic economy. Generalizing, of course.
W/r/t asset transfers, you're most likely right that eventually these things roll forward (assuming that the bottom doesn't fall out in asset values, again) but as a member of that younger generational cohort I have to sort of argue the point that, yes, it's nice to have a million-plus dollar house passed to me in my sixties or seventies when my parents pass, but a hundred grand cash in my 30's would be far more impactful to how I conduct my career choices and child rearing.
The point was made a few years ago that so many in the younger generations are attracted to socialist or leftist economic policies because they've been priced out of having any skin in the capitalistic economy. Generalizing, of course.