And who are they getting it from once again, you Boomer Haters?
They are going to inherit it or the government is going to find a way to take it.
“You will own nothing and be happy.”
They are becoming this rich from the money they have taken from the average to poor person. They do it through our government and representatives.
Door number 2.
“The low interest rate environment and impressive growth in house prices over the past 15 years”
Oh Don’t Worry, there’ll be another crash for people to take advantage of. Ridiculous inflation is like that: what goes up...
And I have learned that anyone -anyone- can become wealthy in America, or at least what used to be America. I’m not wealthy, but I know I am blessed beyond measure and probably live better than 90% of the people on the planet.
Start gifting non taxable money as early as possible, if your kin are trustworthy and reliable.
$90 trillion, is that enough to buy a gallon or two of milk a decade from now?
There isn’t going to be a USA in 2044. The American empire will collapse well before then especially if the Russian, Chinese and North Korean atomic bombs decide to make a brief landing stop in Washington DC.
It will split the USA into three regions, the miserable West coast region annexed by Mexico, the miserable Northeast region annexed by New Canada and then the prosperous middle America region in between.
That is the future. The Pygmy cannibals and Mexican drug cartels will be fighting for scraps. /spit
I posted this to a story from January: Empty-nest baby boomers won't give up their large homes — and it's hurting millennials with kids
-PJ
The next thing will be these whiners complaining that it's not fair that boomers are leaving their homes to their children as an inheritance.They'll complain that it's cheating or something, that there ought to be a waiting list for homes and that just because someone owns one now doesn't mean their kids get first dibs on it when they die.
“If their inheritance and family is wealthy enough”=code word for privileged whites.
First of all, this is BS. Very few of them have this kind of wealth. If they are talking about homes and property… that’s also BS.
The research also showed that affluent young people are less likely to see property or real estate as a way to build wealth in the future.
You will own nothing and like it.
Lol, while I might hope to get money when my mother dies, I would rather she didn’t.
When my father died I got his old caddy only cause my I told my mom Kars for Kids was a scam and I would take it, and then I gave it away to one of my kids.
I don’t expect anything and have told her if it all goes to her grandchildren (there are many) it will help them and I would be happy cause they all work hard and are getting screwed.
Between now and 2044 in the US, the Silent Generation and Baby Boomers are expected to hand over the reins of their significant wealth to Millennials, according to The Wealth Report, a periodic report from global property consultant Knight Frank.
"Silent Generation"? If you were born in 1930 or 1940, you are more likely to have X-er, or even Boomer, kids than Millennial children.*
They are going to inherit it or the government is going to find a way to take it.
_______________________________________________
The government might even find a way to take it from boomers while we are still alive.
And of course, they got their college loans paid for
Affluent families are (usually), affluent families because they worked hard and then consumed less than they earned
or the government is going to find a way to take it
Yes, the Demonrats want to take it and give it to people who don't work hard, and consume more than they earn. They are quite open about this.
Setting up the new current thing that inherited assets must be confiscated and redistributed by bireaucrats.