2 ms·
Wealth inequality existed even when the boomers were coming of age, even if it wasn't as bad as it is right now. Among the boomers, there are surely a sizeable
by pcthrowaway 3y ago
Wealth inequality existed even when the boomers were coming of age, even if it wasn't as bad as it is right now.
Among the boomers, there are surely a sizeable percentage who were never able to accumulate 'wealth', possibly through no fault of their own.
Perhaps they chose the wrong investments, because pretty much every able-bodied, mentally sound boomer with no other extenuating circumstances could have bought a house even at working class wages.
Perhaps they had a mentally ill relative they made sacrifices to support.
Perhaps they suffered a workplace injury early in their career.
Perhaps they retired comfortably but fell victim to a phone scam, and didn't properly budget for a devastating financial loss in addition to crippling inflation.
Now that group is being thrown out the streets, very likely by the boomers who had better fortune.