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The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers (fortune.com)

submitted 1 year ago by CantaloupeLifestyle@lemmy.world to c/politics@lemmy.world

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[-] randon31415@lemmy.world 2 points 1 year ago

Boomers will eventually go to a nursing home, hospital, or hospice. The money will dry up from these and if they still have money left over, there is the estate tax. The children looking longingly at the large bags of money the parents have won't get as much, and some of this captured money will begin to circulate again.

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[-] burntbutterbiscuits@sh.itjust.works 1 points 1 year ago

A LOT OF BOWERY BUMS USED TO BE EXECUTIVES

[-] Gargleblaster@kbin.social 0 points 1 year ago

Yeah, cuz all the Baby Boomers are/were rich.

Garbage.

[-] SCB@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

If we race and you start 10 steps ahead of me, and I beat you, you still had an advantage over me.

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this post was submitted on 29 Oct 2023

649 points (97.0% liked)

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