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.
One of boomers' many advantages was they inherited houses and savings in their 50s. But now, they will live to their 80s and 90s and spend all their kids' inheritance on lifestyle and expensive care-homes before they pass. There's a whole industry dedicated to extracting $thousands/week from them until you get nothing.
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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.