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this post was submitted on 29 Nov 2024
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I think it's possible that generational wealth has become a factor in driving a larger wealth gap, especially looking at real estate.
I think there is a large reserve of boomer wealth that some millennials are starting to find themselves in possession of. Boomer parents' $50k bungalow is now worth $1mil. Their millenial kids still have a "work and have children mindset", vans and trucks are easily justified especially with those means. Maybe we'll see their grandkids slow down in having kids.