Houses are another fun one. There are a lot of boomers who will be looking to cash in on their houses at the same time as everyone else. Plus the increases to

Houses are another fun one. There are a lot of boomers who will be looking to cash in on their houses at the same time as everyone else. Plus the increases to interest rate will have the effect of pushing down the amount people are willing to bid on future houses. Boomers who bought in the 80s-90s are in no danger of being underwater, but, there's going to be a lot of people whose houses are worth a lot less than they were in 2021. People who bought in the last 5-10 years are going to find that their assets at best are not going to appreciate very much, and sometimes investments do go down, that's the risk. It's not going to be an automatic escalator to the upper-middle class like it was a few decades ago. And that's a good thing for younger generations (if landlord corps don't buy everything up) but the political power of boomers and of heartland states are really the elephant in the room with american politics.