Retirees over the age of sixty two in the United States are estimated by an independent financial survey to be sitting on over one trillion dollars in total assets. That money mostly lies in financial institutions gathering interest while needy family members suffer impatiently waiting for the day when it will be their inheritance. But not all seniors are that callous, they give away their money to loved ones before they die. There is no better way for the elderly to show that they care. Those that do can enjoy the pleasure of watching their money being spent. It is a joy that they would never experience if they waited until their death.
The country is in a recession that could be ended by an influx of spending money. The economic stimulus money that will be received by tax payers during the summer months will help but it is not enough. More money is needed. The economy would improve and the recession ended if the trillion dollars held by seniors was spent. It is up to them to end the recession in a loving way. Immediate handing over of their unneeded assets to loved ones would cause a spending spree the nation has never witnessed before. It would put the unemployed back to work and end home foreclosures. I am sure if our elderly realized their power to help they would quickly respond.
I had a close friend who suffered with a nervous disorder all of his life. He lived with the help of a government welfare program which just gave him enough to survive. His parents were millionaires in the real estate business and owned at least twenty apartment houses. They let their son live rent free in one of them. But they gave him nothing more. I spoke with him many times over the years and listened to his complaints. He had little to eat and was lonely. The only hope he had was that one day his parents would die and leave him with their millions. They both were dead when he reached the age of seventy two but the money was left to his two sisters and their children. All he inherited was the right to continue living rent free. I never witnessed such cruelty.
Many seniors are sitting on more money than they need while family members no longer living with them are destitute or have financial problems. They should be forced 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 is wrong for a person to have their home or car repossessed while their elderly parents sit idly by watching their bank account grow. If they loved their family members as much as money this would never happen. Lets change laws and make them give a few bucks to the adults they brought into this world.