Boomers do hold the majority of wealth in the US right now — but along with all those resources comes a hard question many are now wrestling with: If your resources aren’t infinite, how much should you save for your kids and grandkids, and how much can you spend on yourself?
A Vox reader recently wrote in with this dilemma to our philosophical advice column, Your Mileage May Vary. So our guest columnist Shayla Love dived into this sticky issue. She smartly takes us through Keynesian economics and Confucian filial piety to arrive at an incredibly helpful and unexpected answer. One that I think will satisfy many Boomers — and their adult children too.
This kind of writing is made possible by our Vox Members. If you would like to support Vox’s independent journalism, please consider becoming a Vox Member today.
—Katherine Courage, deputy editor Future Perfect