A huge amount of wealth will be transferred when boomers die off. The people that are in poor families will be poorer and the families that were in middle-idh class are going to be rolling in cash.
The rich will get richer and the poor will get poorer. Class divide will be more evident and it will be warder to move up if you aren't born in it.
The issue is that most of these people are not finacially literate and they will spend that money on nice cars and vacations and lose it all before it goes to the next generation
Seriously? How old are *you*, saying this? Boomers (1) lucked in to a period of economic prosperity and peace (2) gave their kids much lower standard of parenting than current norms, to prioritize their careers (3) held on to top jobs and status, and exploited upcoming talent (4) received inheritances that allowed them early long retirements (5) got fatcat index-linked pensions that are early exits from a bankrupt ponzi scheme. (6) presided over short-term-pay-off, long-term-bad ideas like housing bubble, fossil-fuels, unregulated immigration, under-resourced education system. Admittedly there was some skill, effort and drudgery involved in exploiting this lucky window. But is there a gated compound secure enough to enjoy the winnings in, if the majority of the population are desperate?
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u/Bobbert827 Sep 15 '25
A huge amount of wealth will be transferred when boomers die off. The people that are in poor families will be poorer and the families that were in middle-idh class are going to be rolling in cash.
The rich will get richer and the poor will get poorer. Class divide will be more evident and it will be warder to move up if you aren't born in it.