What do boomers do with all this money?
>>82458792kek how are scumllennials doing so bad
its going into private healthcare and private old people care facilitieseven some scams perchance
>>82458792>what is exponential growthbut also, boomers bought houses for pennies on the dollar and zoomers can barely afford rent or get jobs.
>>82458792Investing to make more money. However they're stupid and it's actually being funneled to India
>>82458792They send them to Indian scummers.Also alimony payments and a harem of webcam whores maintainence.
>>82458828Millennials are set to inherit the bulk of that wealth and are on track to becoming the richest generation that ever walked the face of the earth. Do you even know how money works kek
>>82458899Should have listened to the millennials who told you not to get a degree in english arts
>>82458828We came of age during a literal Republican-induced economic depression. So, we empathize with gens z and alpha.
>>82458913>thinking that money won't just go to the banks or the government
>>82458925That is not how trust funds work anon.
>>82458913>Millennials are set to inherit the bulk of that wealthLol. Lmao.Boomers gonna remortgage their $3m starter homes and blow it all on cruisesCome on millennials, keep those bootstraps tight!
>>82458937I know reading is hard but try to not embarrass yourself
>>82458930You think the bulk of people use trust funds rather than a small minority?
>>82458944>AI OverviewOK, now can you cite a source that won't tell me to put glue on pizza?
>>82458944>tfw no massive inheritance otw for me>closest is my grandma>she's spending all her savings on trips to spain (good for her)>she'll leave us grandkids the apartment when she goes, but that's split on 3 and won't change our lives or anything but will probs lead to some infightingBeing born poor sucks.
>>82458930>thinks leaving money in an inheritance will permanently keep the government's hands off itoh my sweet summer child...
>>82458969It is okay if you want to act all retarded. AI is simply summarizing what 10 other articles will tell you the same economics forecast. Are you a gen X who is going to be left without shit? Why are you so salty lmao>>82458961My parents use a trust fund for their house and will. It is not some arcane feature only the super elite use
>>82458980That is factoring after taxes genius
>>82458913>implying boomers wont spend it all on cruises and snake oil immortality treatments when they can no longer cruise
>>82459001Boomers dont go on cruises anymore, Carnival stock is way down
>>82458983>refuses to properly cite source>"It is okay if you want to act all retarded."I can see how you think that, but it is actually not okay to be retarded, you retard.
>>82458983>My parents use a trust fund for their house and will. It is not some arcane feature only the super elite useI never said that it was impossible, merely that trust fund babies are of the vast minority, perhaps due to overall financial literacy.The illiteracy rate in general in America is at 20%.
>>82459044Nigga it says it right there on google, you really want me to link the article we both know you are not going to read which proves what I am saying is correct but you will act like a faggot nigger anyways?>>82459055No you acted like it was this mystical arcane feature of the economy only the 1% uses when it is in fact quite common amongst homeowners who are passing their estate to their children
>>82458792nothing they are all waiting to sell their house for 40 mil.
>>82459128>Nigga it says it right there on googleThe thing that tells people to put glue on pizza and kill themselves?I did look into the articles. They all point to the same blogpost where some onionlad engages in wishful thinking as the original source.https://www.morningbrew.com/stories/2025/03/28/the-great-wealth-transfer-is-upon-uslol. lmao.
>>82459128>it is in fact quite commonHow common? Numbers, please.
>>82458792it's mostly in their homes
>>82459166Common enough that I get one. I must be some mythical 1%er my BOOMER parents must be some financial wizards who have predestined me for greatness. Thank you BOOMERs for being so economically savvy as to utilize the uber secret trust fund in order to avoid probate court
>>82459180>Everyone's situation must already be the same as mine!Stop being an ostrich. Look up the numbers.
>>82459172Which they cannot take with then when they die.. which will go to their children.. which will get sold off for cash.. which will make the Millennials the richest generation of all time
Since the young lad will listen to the AIs....
>>82459190>will go to their childrenYou can't predict the future. Maybe the banks or some corporation will figure out how to take it.
>>82458792Eat out multiple times a day everyday and buy Amazon stuff everyday
doesn't matter when you get inflated out of 50% of it after 4 years of covid
>>82459214>figure out how to take itBy breaking trust laws?
>>82459267By ignoring the less-than-2% who are irrelevant to the business model? What law is being broken if over 98% of people don't have trust funds?I'm glad that you're passionate about financial literacy, but maybe become a financial advisor and buy ads if you think more people should have them and want to help instead of just standing on the sidelines and wondering why everyone is retarded.
They blow it on stupid shit they don't even need, my father's friend built a small cottage on their property for no reason next to their pool...
>>82458944>reverse mortgages and blows it all on hedonismHeh, nothing personnel kid
>>82459347This made me chuckle thanks anon, thankfully my boomer parents are not like that
>>82459355>my boomer parents are not like that>he doesn't know
>>82459347I know some that travel, I actually think its one of the best things for them. I think it would do my parents good to travel a bit but I think they grew up in a time when it was considered a waste of money, my grandparents traveled a lot more and even moved countries. They are basically retired and the most they do are shitty little day trips, its so boring around their little town.>>82458792Realestate and excessive renovations to their houses.>>82458913So by the time tax is taken out of the $1.2 million house you have $500k and then its divided between 4 children and what it is that barely 2 years of wages for each person. A yeah even if there is no tax now they will find a way to put in some levy.>>82458983Boomers act like you are trying to rob them if you give financial advice, stuff like moving money so medicaid doesn't take it for people in America.I find it morbid, say you parents had you at 24, does that mean when you get the money that you only have 24 years left to live, barely even 4 generations of game consoles so I guess by ps9 if they died now.
>>82459650>by the time tax is taken out of the $1.2 million house you have $500k and then its divided between 4 childrenThat's me. But my grandma has a nice (though not big) apartment in an attractive area of town (our capital). The apartment, based on location, is probably worth between 500k-1M. That's split on three. Realistically I'd be happy to get over $150k, and at most $250k. That's nice money, but like, you're not gonna quit your job and go live crazy. I'm getting older too and gotta think about my future children's school funds etc (int'l school year 1-9), which is probs where most of the money would go. Maybe it would cover most of a townhouse in a decent area too. I live in Asia so it's cheaper here, but not by an enormous margin.
>>82458925this, the government knows that wealth transfer is going to happen soon. like the mob, at least concerning the US gov, it's going to get it's grimy hands on every dollar it can by any means before, and while it happens. just look into how much of a money vacuum the elderly healthcare industry alone is.
>>82458974So what country are you from that an apartment is something you can own and not just rent? In my country, the United states, we call that type of apartment, a condominium. We would never refer to an apartment as something that gets passed down though. You can only rent an apartment.
>>82458828Did you check housing prices and tuition? You should.
>>82458983No i am not accepting you attempt to elevate AI as infallible God that everyone should believe without questioning.Go write post with sources quotes yourself.
>>82460174That's interesting, I never knew that. And I have lived in the States for a while, too. To me a condominium is an apartment complex with shared facilities (i.e. pool, gym, co-working etc) and a dedicated and permanently staffed juristic office for building management. That's how it's used in Asia, anyway. Ownership isn't something I've ever considered as a qualification, though it may very well be. I'll look into.I'm from Sweden, though I don't really live there. You can absolutely own apartments here, like any other property. The main difference between apartments and condos to us is the idea of shared spaces and shared management. In apartments, you're sort of left to your own devices, though typically through a sort of property's council, where members/tenants make communal decisions, as opposed to a condo where there is dedicated staff employed by the property developers who manage upkeep, postal services and legal matters.Our family technically owns two apartments and a house, which is good, but that's tied up and I'm unlikely to ever see any of that. The three of us "kids" (my older brother already has children of his own) all rent apartments. I'm gonna do some more reading on that, cheers.
