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But generational wealth is increasing, as boomers die their kids get the money...which they then reinvest. The money doesn't just disappear.
by partiallypro 6y ago
But generational wealth is increasing, as boomers die their kids get the money...which they then reinvest. The money doesn't just disappear.
- hattmall 6y agoNot as the cost of aging increases and government fees expand. Most boomers still aren't technically retired and they aren't in advanced ages, they are just now a few years into being senior citizens with most still generating income. A few years (or months) in a nursing home will evaporate almost all wealth for 90% of boomers.
- bluetwo 6y agoThat's why they invented cocaine.