Baby Boomers own more assets in real estate than Millennials own all assets. COMBINED.

[Bunchy Carter]

They need break this down by Race, because Black people are at the bottom.

This is why FBA need reparations.

 

[DerrtySouthpaw]

White people want others to think all they can do is work a tangible 9-5 and not have the possibility of building passive income. If it wasn’t for that there would be less nepo babies becoming president or ceos of top social media companies and car manufacturing. Their game has always been hide knowledge and things such as investments, iras,roths, all the shyt they do but don’t tell you about then gaslight you for not doing

 

[Luke Cage]

People with dead parents have inherited more houses than people who's parents are still alive and living in those houses have?

 

[BeeCityRoller]

The hopes of wealth transfer from Boomers to Millennials is vastly over-exaggerated. Most Middle/working-Class Boomers wealth is tied up in their house and they will need to sell to downsize or move into more senior-friendly communities as they scale back from Full-Time work in their 60's and spend more on medical care/caregiving. Those homes will go to High-Income Gen-X'ers and Millennials/Gen-Z.

If anything, don't be surprised if your parents start asking to live with YOU as they age or want you as a non-occupied co-borrower for a condo loan (which they also won't be able to afford themselves) because they never fixed their credit and ran out of savings.

 

[Rakim Allah]

My biggest takeaway from this is that we need to have more smoke for bytch ass Gen X

When it comes to Boomer fukkery. Gen X are the canaries in the Generation Coal Mines. Should’ve of payed attention to what they went through before it was too late. Similar to Foundational Black Americans in the late 60s to every group race/ethnicity now in America, friend.

 

[Cakebatter]

White people want others to think all they can do is work a tangible 9-5 and not have the possibility of building passive income. If it wasn’t for that there would be less nepo babies becoming president or ceos of top social media companies and car manufacturing. Their game has always been hide knowledge and things such as investments, iras,roths, all the shyt they do but don’t tell you about then gaslight you for not doing

This sounds like those Bots in the comments section of Financial YouTube videos. Only thing missing is the Telegram/Whatsapp contact.

From 1970 - 1990, the average return from a local bank's 3-month CD was 10%. Remember, companies were still offering pensions back then. College Tuition, Real Estate, and Health Care were all cheap, and Boomers got really nice inheritances from their parents (Greatest Generation) who were notorious for being big savers. Retirement investments and stock trading played a minor role in the accumulation of mass wealth by Boomers.

IRAs and 401ks will not make you rich. Those are just retirement accounts that can help keep you from being destitute. In 2040, $10 million in retirement savings won't make you rich, just comfortable. The numbers look amazing, until you calculate in real world inflation.

 

[Gunz&Butta]

now just here me out... what if we took em all out?

has there been inter generational warfare before?

Warfare?Just wait for them to die or impregnate a pawg from Orange County and you're good

 

[Black Panther]

Yet folks want to vote for the guy who gave the 1%-10% a massive tax cut.

 

[DerrtySouthpaw]

This sounds like those Bots in the comments section of Financial YouTube videos. Only thing missing is the Telegram/Whatsapp contact.

From 1970 - 1990, the average return from a local bank's 3-month CD was 10%. Remember, companies were still offering pensions back then. College Tuition, Real Estate, and Health Care were all cheap, and Boomers got really nice inheritances from their parents (Greatest Generation) who were notorious for being big savers. Retirement investments and stock trading played a minor role in the accumulation of mass wealth by Boomers.

IRAs and 401ks will not make you rich. Those are just retirement accounts that can help keep you from being destitute. In 2040, $10 million in retirement savings won't make you rich, just comfortable. The numbers look amazing, until you calculate in real world inflation.

Yea I’m not saying everyone is going to be the next Elon musk or trump I’m saying they hide simple things like the importance of inheritance and how to atleast have something for your kids when you go but yea I’m sure yt bots go off about this all the time. I’m taking care of a someone with dementia and learning alot of things I never had to deal with

 

[Tres Leches]

of course they do they indebted all future generations to acquire it

 

[50CentStan]

The hopes of wealth transfer from Boomers to Millennials is vastly over-exaggerated. Most Middle/working-Class Boomers wealth is tied up in their house and they will need to sell to downsize or move into more senior-friendly communities as they scale back from Full-Time work in their 60's and spend more on medical care/caregiving. Those homes will go to High-Income Gen-X'ers and Millennials/Gen-Z.

If anything, don't be surprised if your parents start asking to live with YOU as they age or want you as a non-occupied co-borrower for a condo loan (which they also won't be able to afford themselves) because they never fixed their credit and ran out of savings.

Most boomer home owner are not down sizing. Many of their homes are paid off. They have 0 humility.

 

[Seoul Gleou]

of course they do they indebted all future generations to acquire it

When they die, we'll either have an epic crash or a golden age of finance

But trillions will flow into the world either way

 

[GreenGhxst]

who making the first move if you catch my drift