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So, what’s the plan when the boomer menace is over in 15-20 years? Where will their wealth go when they die?
by tzahola 8y ago
So, what’s the plan when the boomer menace is over in 15-20 years? Where will their wealth go when they die?
- pasbesoin 8y agoA lot of it appears to be going to chronic, late, and end-stage medical care. And it's not the aides providing 24/7 coverage, who are getting rich. (Having been dealing increasingly with this, recently with some friends. Most of the aides are immigrants who are making relatively low hourly wages. The bills, however, can (well) exceed the full household expenses for a staunchly middle-class family of four. And many eventual estates have to pay those until they're more or less broke, when the government picks up.) I need to reduce my commenting. This here is anecdote. And I'm pretty steamed about what I've been watching happen in the U.S., for the past 3+ decades.
- user5994461 8y agoI believe you described the US case. In Europe with the free healthcare, the elderly can be kept on care for a very long time, all covered by the taxes of the younger workers. This is gonna become a huge hole in the budget.
- magduf 8y ago>So, what’s the plan when the boomer menace is over in 15-20 years? Where will their wealth go when they die? China, that's where. China will become the new world superpower, filling the vacuum left by the US in its decline. That's the legacy that the Boomers have left behind.