Article assumes Boomers won’t spend it all before they die.
https://www.theguardian.com/money/2024/feb/28/millennials-richest-generation-wealth-property
Weird it doesn’t feel like it.
It’s the cruelest clickbait I’ve seen in a long time.
Richest in variety of debt, maybe
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.
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
This article assumes my parents are rich. I don’t have new money and I’m not receiving old money.
Capitalist propaganda
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.
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.
Highest mean wealth sure, but median…
And which old rich boomer is going to give me money, exactly?
My family are poor, my parents were poor, my grandparents were poor, etc etc.
It’s all about what bloodlines you’re in. Which class you’re in. Obviously the rich ruling class are going to inherit their family money.
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
lol no
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.
What the actual fuck
“Currently alive people have higher number in bank account than previously alive people, which is known as inflation”
The switch will see $90tn (£71tn) of assets move between generations in the US alone, “making affluent millennials the richest generation in history”, Knight Frank said in its 18th annual wealth report.
Meanwhile, every discussion about inheritance tax is poisoned by people claiming they would need to still their parents house.
