>wealth transfers from retirees to a lower generation. Primarily Boomer -> Millennial. The millenials are the children of the boomers, so if inflation accelera

>wealth transfers from retirees to a lower generation. Primarily Boomer -> Millennial. The millenials are the children of the boomers, so if inflation accelerates the transfer of wealth, it just means the inheritances will be worth less. Meanwhile, the Social Security/Medicare gravy train rolls along for now, transferring some wealth back in the other direction.