Article assumes Boomers won’t spend it all before they die.
https://www.theguardian.com/money/2024/feb/28/millennials-richest-generation-wealth-property
What the actual fuck
Sitting on a pile of corpses with the largest bitcoin wallet in history, “We did it. We won.”
lol no
This article assumes my parents are rich. I don’t have new money and I’m not receiving old money.
Yeah Gen-Xer here, and while I have a cut of some property coming to me eventually, I’m afraid casinos and cruise ships got just about everything else. I don’t hold it against my dad but it’s definitely not enough to make me rich. Not even close.
The things boomers spent on astound me. You could legitimately just get your own flipping boat for the cost of a cruise, and use it forever. They could have at least willed you a boat for Pete’s sake
A cruise just seems like the worst parts of boats. They don’t even let you drive
Weird it doesn’t feel like it.
It’s the cruelest clickbait I’ve seen in a long time.
Just as a feature of inflation the numbers that represent the wealth held by millenials will almost certainly eclipse that held by previous generations. But also thanks to inflation the actual value change represented by that larger number is sweet FA. Everything is just more expensive.
Richest in variety of debt, maybe
Highest mean wealth sure, but median…
Jesus fucking christ these people are out of thouch
The writer should maybe go and visit some nursing homes. They’ll find a fuckload of poor old people that are most definitely not wealthy.
That’s cause the rich don’t go to nursing homes, so?
There are some ritzy nursing homes.
Isn’t this is all technically attributed to people like Mark Zuckerberg, who on his own accounts for 2% of all millennial wealth?
The ultra wealthy keep skewing the fucking “average” numbers ever higher until the “average” is way higher than what over half of citizens actually have.
Spider Georg moment
Can gen x get it before the millennials blow it on avocado toast and Netflix please?
Gen X here. Mother died of cancer when 13. Father left us two weeks after that. Several years later, father penniless and died of an OD in a ditch in East Tennessee.
Literally was trying to be left with the debt by the State of Tennessee, actually had to obtain a lawyer to show my legal declaration of becoming an orphan when I was a kid to get them to stop.
So the only thing they left me with was a lawyer bill and about two years worth of court proceedings. So no, at least for me, we’re not getting anything from them.
No fuck off gen x already blew theirs on cocaine and dotcom stocks
I never had money for cocaine or stocks.
I’m Gen X and I’ve always been poor.
My parents weren’t doing much better, either.
I don’t think I can ever retire. I’ll be one of those people that gets evicted from a nursing home
when i was 20, i took care of my grandmother. she got evicted from a so-called ‘Christian’ assisted living facility, that evicted her on Christmas.
people… what a bunch of bastards.
Christian is a dirty word and it’s Christian’s fault
Every generation got fucked. Boomers may be stupid in a lot of cases but they are mostly suffering under the same issues we are.
No war but class war.
Sorry, remember that Nintendo you wanted so badly as a child you would do anything to get? Honestly I pretty happy I’m not millennial or gen z, they got it pretty bad. I at least got to live in a cheap Los Angeles and take a decade of my life figuring out a career. These days you better be laser focused and do everything perfectly if you want to thrive.
Can relate, am screwed
Yes we are making more but compare that shit to cost of living and what we earn. It’s still fuckin trash. It’s like saying the Germans were billionaires during hyperinflation.
Lol please, these people fear death more than anything, they exist wholely within the material. They will spend every last time breathing one more wretched breath. I make a dime, while my boomer and X bosses make millions. Its not even a dollar anymore, I am straight up shafted eith no recourse but to quit and become even more poor.
All that money in ticky-tack mcmansions that they’ll never sell.
Wealth isn’t wealth if it’s paper only.
The real wealth was in our 💕
Money isn’t worth anything until you spend it
thanks to the property assets accumulated by the generations before them.
These people have clearly never heard of reverse mortgage. So take what they have to say with large heapings of salt.
While they wait for their inheritances
LOL. Yeah these people are taking the piss here. Many of the folks I know with boomer parents that have already passed have seen roughly 90% to 96% of the accumulated wealth either taken in medical expenses, obligated debt, or just straight up poor ass planning that left the parents near penniless in their final days.
This whole story is predicated on ignoring massive costs that come at end of life that many boomers have not planned on. And one can easily objectively see then ignoring this by failing to account the massive upswing in reverse mortgages and filial responsibility cases.
The boomers are not giving us anything when they die except headache.
