I'll be on Fox 4 in Kansas City the morning of November 8th around 9:00 am to address one of the conundrums I hear regularly..."my parents want to give me their stuff, but I don't want it."
The early Baby Boomers have entered 70s and are downsizing or moving to assisted living which means there is stuff to get rid of. So what are they doing with the house-full of possessions they’ve curated over the past 50 years?
Many of these folks want to give their things to their adult children who often don’t want it or have space for it. These Items include oak dining room sets, china, crystal, silver, and collectables, none of which are highly valued by the next generation.
What accounts for this generational difference in values?
In the past these items signaled to friends and family that you had arrived…which was heavily promoted by increased sophistication in marketing and new ways to access credit beginning in the late 1940s. Sometime In the 2000s we started on a more minimalist trend.
Although we still consume plenty, we're not interested in the kinds of furniture and household goods our parents have collected. With easy and cheap access to manufactured goods, we buy what we want without waiting to get the dining room set from our parents.
Additionally, with many more women in the workforce "homemaking" no longer includes using dishes that can't be put in the dishwasher, silver that needs to be polished or collectable plates that must be dusted. Our priorities have shifted...what we value has shifted.
What kinds of problems are caused by these shifts?
Because this is the first time in our history there is a kink in this chain of passing down stuff, both parents and adult children are struggling. Aging parents may feel hurt when kids don’t want the items and children may feel a sense of obligation to take things they don’t want and won’t use.
What are some ideas to make this process easier for both parties?
Start the conversation now, before a health or financial crises forces a quick resolution. For many, sorting through possessions feels like a life review; you don’t want to rush this process if you don’t have to.
Consider getting outside support from someone like me. Tomorrow I am meeting with an elderly couple and their adult daughter to have this very conversation.
Or borrow and idea from my own creative mother...a table in the garage with things she is ready to pass on. When we are home to visit, we take what we want and leave the rest, guilt free.
Please reach out with questions, thanks! Nikki