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Take a look at this graph: https://graphics.reuters.com/USA-ECONOMY/GREATREBOOT/xegpbgwlqvq/greatReboot_genx.jpg https://graphics.reuters.com/USA-ECONOMY/GREATR
by dfxm12 6y ago
Take a look at this graph: https://graphics.reuters.com/USA-ECONOMY/GREATREBOOT/xegpbgwlqvq/greatReboot_genx.jpg https://graphics.reuters.com/USA-ECONOMY/GREATREBOOT/xegpbgw...
Coming out of the pandemic, Boomers, Gen X and Millenials all have a firmer grip on America's wallet, coming at the expense of the silent & earlier generation who saw their households drop :(, but still, the Boomers' grip is tighter than others', which I think is the real lede, if any.
In all honesty, you could read this as members of the Silent generation are dying and they're bequeathing their wealth to Boomers and Gen X... I guess Millenials have to hope they'll be so lucky when Boomers die.
- majewsky 6y agoI don't dispute that Boomers hold an unreasonably large amount of wealth. but besides that, I struggle to see anything but normal demographics in the movements shown in this chart. > you could read this as members of the Silent generation are dying and they're bequeathing their wealth to Boomers and Gen X How could you read it any differently? > I guess Millenials have to hope they'll be so lucky when Boomers die. What's there to hope? Where else is the Boomers' wealth supposed to go when they die?