Abraham Lincoln was correct

There’s a new word circling these days – entitlements. And it’s rearing its ugly head in many conversations. It’s not a word that is exclusive; it’s being spoken by people from all walks of life; from old to young, from the haves to the have-nots.

So what does this word mean?

Well, apart from giving somebody or something a name, the Macquarie Dictionary defines it as “giving a person or thing a right or claim to something; to furnish with grounds to lay claim”.

Of course, what that ‘something’ is, makes all the difference.

Whilst enjoying a latte in my local coffee shop, I could not help but over hear a conversation between a mature-aged couple and their adult daughter.  It went something like this…

Daughter: “but surely you’re entitled to get a pension! You’ve worked all your life and paid taxes”

Parents: “Well, yes – but that depends on our assets and how much money we have put away for our retirement, which isn’t much actually”

Daughter: “would it help if I take the inheritance that I’m entitled to, now? That way everybody winsWe all get our entitlements; you get the pension because you won’t have much money in the bank, I get my inheritance & the government gives you back what you contributed by paying tax for all those years”

Now this was a very matter-of-fact conversation. There was no animosity, begging or pleading. It seemed to be just a family conversation where everybody was reminding each other about their entitlements.

Is this what happens in every ‘normal’ 21st century family? Does it make you shudder like it did to me?

I couldn’t stop any longer to hear their solution. I found myself getting a little hot under the collar, and I don’t think it was the coffee. It was time for me to meet my clients who were striving hard to make their budget work.

Later that evening whilst reflecting on my day, I wondered about that family and how they had come to have such a strong sense of financial entitlement.  I wondered too, if that sense of entitlement had been passed down through the generations, or if it was a modern thing.

Sometimes I feel that the people who are only waiting for their entitlements are missing out on enjoying a life where their journey involves ‘doing’ rather than ‘just waiting for’.

Abraham Lincoln was correct when he said – “You have to do your own growing no matter how tall your grandfather was.”

And –

“You cannot help people permanently by doing for them, what they could and should do for themselves.”

― Abraham Lincoln

 

©  Carmel McCartin – Budget Bitch

And don’t forget – (The views expressed in this blog are the personal opinions of the author. Don’t rely on them to make financial decisions; you have to make up your own mind. If you don’t like the content – then either stop reading or send me an email)

 

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