Debt doesn't exist in a vacuum. There's a reason that double-entry accounting exists. The other side of the ledger is wealth and it's held by someone. In some c

Debt doesn't exist in a vacuum. There's a reason that double-entry accounting exists. The other side of the ledger is wealth and it's held by someone. In some cases, it's foreign countries, but a lot of it is held by Americans. To say the boomers are only leaving behind debt is only looking at half the story. It's more apt to say they're leaving behind inequality. Some gen x and millennials are being left considerable wealth. Some even multi-generational wealth.