Re:
by dh2022 on Friday January 03, 2025 @06:31PM
(#42590641)
These days inheritance almost all the time goes from very old people (70-80 years old) to old people (50-60 years old). It almost never goes to young people
[ Parent
| on HN ]
Hypothesis: Old people blow it on cruises and young people have families and start businesses.
If true, it would explain the massive post-covid revenue bumps at Carnival Cruise Lines and Royal Caribbean. These guys are making double their pre-covid revenue, and 2019 was a really great year. They're heading to almost 3x their revenue before that: https://valustox.com/RCL
Trump boosting the economy again?
https://www.usatoday.com/story/travel/cruises/2024/11/11/vil...
This is more true than people realize; it seems every week in bogleheads there’s a question that’s basically “how can we use the inheritance we just got to help our grandkids get a leg up without huge tax implications?”