However, the upheaval millennials and Gen Z have faced may soon be behind them. The former is expected to become the “richest generation in history,” courtesy of a $90 trillion great wealth transfer in the coming decades, while younger consumers generally say they’re feeling more optimistic about their financial futures.
Don’t worry, eventually your parents will die and you’ll be able to live in the whole house not just the basement.
Also the the boomers with any wealth are going to live a lot longer. My boomer mom’s mom was 91 when she died, the only reason my mom is solvent is because she inherited and sold grandma’s house.
If my mom lives that long I’ll be in my mid 60s and my brother in his 50s. I’m a late Gen Xer btw.
This is what neoliberalism and capitalism wants the younger generations to believe, but a large percentage of that wealth will be stolen via health care and similar predatory, exploitative systems.
Don’t worry, eventually your parents will die and you’ll be able to live in the whole house not just the basement.
$90 trillion great wealth transfer. As if that money is going into the hands of people who aren’t already obscenely wealthy to begin with.
Also the the boomers with any wealth are going to live a lot longer. My boomer mom’s mom was 91 when she died, the only reason my mom is solvent is because she inherited and sold grandma’s house.
If my mom lives that long I’ll be in my mid 60s and my brother in his 50s. I’m a late Gen Xer btw.
So the timeline is at least 15-20 more years.
Subscription services will be like “sorry it’s $1k per extra seat now”
This is what neoliberalism and capitalism wants the younger generations to believe, but a large percentage of that wealth will be stolen via health care and similar predatory, exploitative systems.
And do you think the inflation caused solely by greed might be related? They need to capture that money now before it is inherited.
Reverse mortgage enters the chat.
This. My grandparents were well off and set up a trust for me and my brother.
It wasn’t much. And then all of it went into her nursing home when the dementia got so bad we couldn’t care for her ourselves anymore.
And the rich got richer
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Whatever isn’t sold off for long term care, which won’t be much.
This only counts if your deceased parents have any wealth to transfer.
Trickle down economics in a trenchcoat.
Only if you don’t have to sell the house beforehand in order to be able to afford a nursing home for your parents
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