Yeah... check this out.
Baby Boomers, the largest retirement generation to date, will finish shifting up to $105 trillion to heirs by 2048... So, while 62% of the older generation(aged 45 and above) surveyed by LegalZoom expect to leave behind real estate to their loved ones... According to a recent LendingTree study, Generation X may carry the highest median non-mortgage debt among other generations (including credit card debt, student loans, etc.).
Boomers are not 45 year olds. The youngest Boomers are around 65 years old right now. That fits the end date of 2048, when 65 year olds will be 88 by then.
How many Boomers have children under the age of 45? The children of Boomers are Generation X (b. 1965-1980). These children would have finished college by 2005. The student debt crisis didn't begin until Obama nationalized the student loan industry in 2010.
Somebody's math is off here.
-PJ
“””””The youngest Boomers are around 65 years old right now.”””””How many Boomers have children under the age of 45?””””
Sixty one, not 65, and a heck of a lot of boomers would have kids under age 45 even the very first boomer from 1946 may have still been having sex when he was 34, look at boomers like Trump and Obama, and others.
Not true. My spouse and are 64 and 62, the youngest of the boomers. I had my first child at 35. They are Zoomers.
But it is a very small cohort of Zoomers with Boomer parents.
We are late boomers (1962) with Gen Y children. And we have some other friends who are, also.
Gen Y is off to a rough start. For every young adult I know who is thriving, I know a couple of them who are struggling. Some lost their way a bit during COVID. But more had parents with divorce, debt, etc. Their parents were not and are not the responsible people you would hope.
Thank God there is a trend now of young people wanting faith and stable families of their own. They can be the men and women their parents were not. As long as they do not get too discouraged.
Boomer here. Like many peers we started in our late 30s and ended in mod 40s 1989 to 1997.
Boomer here. Like many peers we started in our late 30s and ended in mod 40s 1989 to 1997.
Boomer here. Like many peers we started in our late 30s and ended in mod 40s 1989 to 1997.