How do literal 80 year olds have more wealth than a generation in middle age?
>>524262669all their wealth grew with hyperinflation
>>524262669t. Doesn't understand "wealth"
>>524262669>hurr why are millennials not becoming more conservative with ageWell, doesn't look like they have much to conserve.
>>524262669They hit the sweet spot when we decided to say fuck it just make the money debt denominated.
>>524262669government sells out younger people to preserve their own wealthhttps://x.com/VladTheInflator/status/2002845545971540360
>>524262669housing markets and stock market inflated drastically from 1980 and onward. inflows due to the advent and popularization of 401k programs as well as retail stock trading and online brokerages in the 2000s. then consider the credit bubble that was created, both consumer debt and home mortgage debt, and how institutional investors (pension funds, targeted retirement funds, reits, etc.) dumped billions and billions of dollars into rapidly inflating real estate investments.
>>524262669What the fuck is wrong with you?
>I'm unemployed, unemployable, have never saved or invested.>Why do people who have worked, saved, and invested for 60 years have more wealth than I do?I'm sure the bots, Jeets, and losers of the world will chime in to get to the bottom of this so that we don't have to keep having this thread.
>>524263098is that what they told you? kek.
>>524262669stock market returns
time value of money. is this board full of retards
>>524262669they sold out their children's generation.millennials are dying under the debt burden while boomers live it up taking on even more debt
>>524262669They've been holding onto assets forever. The house they bought as a teenager working at a diner for minimum wage is now worth millions.
>>524263223again, that's not the real story. they were on the ground floor >>524263009. go look at S&P 500 divided by money supply. it's a very different picture if you compare 1980 and prior vs. today. you will never see the run-up that someone born in 1960 saw, because you weren't on the ground floor.>yeah but what about 1975economic noise due to stagflation, economic stabilization act, "nixon shock," etc.
>>524262669Post ww2 golden age of oil, gas and silicon.
>>524263223historically old people were not wealthier than the working age population.
there wont be any left, there never is
>>524262669Before feminism the family estate would be passed onto the sons, starting with the oldest. Now due to feminism it all goes to the man's wife, and women conveniently outlive men on average. Old women hoard it for themselves so they never have to work and when they do finally die it's all split up between the women in the family.who just blow all the money on shoes and makeup and fast food.Women destroy intergenerational wealth. Familial wealth used to go to the sons for a reason because they would actually build something out of it and create more wealth for future generations. But thats too sexist and gave men too much influence so women destroy it on purpose out of spite and selfishness.
>>524262669why is silent not shrinking due to mortality?this 25 year snapshot is 54-79 for the youngest and 72-97 for the oldest
>>524263223You mean time devaluing of money.
>>524263868>why is silent not shrinking due to mortality?See >>524263767Women live for fucking ever because they never have to work hard and stress themselves.
>>524263921>You mean time devaluing of moneyInflation largely exists due to giving women the right to apply for credit cards without their husband's consent. Consumerism is what drives inflation and women are by far the biggest wasteful spenders. Men try to save money and wealth and women just spend it.
>>524264064You aren't wrong, but my point is the powers that be have been vomiting currency into the world without care what that will do over the last 50ish years.
>>524263654>historically old people were not wealthier than the working age population.Yeah, it probably has to do with pensions. The vast majority don't save nearly enough to live well into old age, they gradually get more and more poor.Now imagine this without pensions, that's the normal. Old people outright make as much as a part-time minimum wage worker makes, and they don't have kids or other responsibilities, don't have to have a car to get to work, ect. We're actually living in an age of rich old people because they can keep their huge house and car and somehow maintain all of this through paying other people, it's not the historical norm at all.>>524263453And they don't have to move out / sell / give the house to kids because they have a pension that lets them maintain it.At some point we started just giving old people money forever and let them keep the house. It was normal in the past to have a "granny apartment" for the average old person, where it was just one room in a house with a sink, stove, and possibly bathroom, and the relatives would own the rest of the house.Now old people just outright own the house.
>>524264176Absolutely, that is the goal to devalue currency so no one can save and build inter-generational wealth. It's still important to note that women's spending habits were necessary for it to succeed. Men generally try to avoid debt and living off of credit. I have for my whole life except for a mortgage but that's a fraction of the interest payments and its a worthy investment that can be sold later for a profit.
>>524262669>invest well>wealth grows over time>old people have moneyIt's always that way.
>>524262669Silent and earlier got stiffed hard, their wealth never increased ever over their entire lifespan.
>>524263654wrong
>>524262669>Boomer puts one shekel a month away into their pension>Pension is borrowed against future generations who haven't even been born yet.>Boomer is paid out thousands of shekels a week>Boomers retire in their 50s and live to be 100.>Young people have no chance of ever retiring.
>>524262669>tell us that you have no clue how the world works without actually saying that you have no clue how the world works.Your mother should've swallowed.
If you aren't earning more from your investments than your labor by age 50, you failed at life.
>>524262669Millennials may not have it so bad actually, when you consider Gen X started in ~1975 then didn't start wealthmaxxing until 20 years later you can compare the 2010 mark for Gen X against the 2025 mark for Millennials. You can apply the same logic comparing Boomers at the 1990 mark compared to the 2025 mark for Millennials. At the present rate, by 2050 Millennials will have exceeded even the Boomers.
Every boomer in the US who didn't have serious problems in life like alcoholism or multiple divorces is a millionaire. Most boomers who spent their careers driving a forklift have millions of dollars. The foolish ones died already.
>>524267626mein masonjew dickriding boomershit.look at the chart Boomers overtook the older generations in wealth around the year 2003, when they were in their late 40s on average. 20 years later, in the year 2023, GenX has less than 40% of the wealth (ie fake inflated houses and stocks) of older generations (boomer + Silent + older). The situation is worse for millenials and will be worse still for genz.None of these are good investments that will pay dividends for the future of this civilization. The houses are all built of cardboard, the tech is a scam used to surveil the population. The economy is a scheme to turn as many people into 24/7 wagecucks as possible. Now you gotta work 24/7 oncall shifts at Amazon to keep your job, while the average boomershit does nothing all day (pic related).The only people I know that are my age (early 30s) that can afford small houses in 1.5hr commute distance to their jobs either came from wealth (in my case my wife's family bought the house) or they gambled on crypto.
