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Good news is they will inherit all that wealth at some point. Almost all of it tax free.
Lol. It will all be gone when they die taken from health care costs and the such.Good news is they will inherit all that wealth at some point. Almost all of it tax free.
ever heard of estate taxes?Good news is they will inherit all that wealth at some point. Almost all of it tax free.
Lol. It will all be gone when they die taken from health care costs and the such.
I would like to think the point taken from this graph is how much the boomers have taken and how so little they have given back. If you look at the 2008 recession, they actually trend up un-phased. That should be alarming.
No. He’s right.You a millennial?
taken? do you think they raid the money tree and take it off the branch , before the millennial can get off of the couch?I would like to think the point taken from this graph is how much the boomers have taken and how so little they have given back. If you look at the 2008 recession, they actually trend up un-phased. That should be alarming.
I would like to think the point taken from this graph is how much the boomers have taken and how so little they have given back. If you look at the 2008 recession, they actually trend up un-phased. That should be alarming.
Funny thing...that chart is pretty tightly correlated to the relative age and the # of years working post HS...is it not? That chart says nothing about whether Boomers have scalped the other generations...or not. You could make a similarly ridiculous chart at any point in time and shocker, the people in their late 50's, 60's and early 70's are going to control the most wealth.
Double shocker...there is going to be a pretty big gap between those that have largely raised their families, paid their debts, own their house, etc. and those that are just starting out. Whatever you seem to think that this graph proves...it doesn't.
Sheesh, what a useless graph.
I'm genuinely curious, not attacking or challenging you ... how much of this hyperbole and how much is sincere?No. He’s right.
F the Boomers. They’re a scourge and a pox upon our economy, and humanity. Selfish, gluttonous bastards. All of them.
I'm genuinely curious, not attacking or challenging you ... how much of this hyperbole and how much is sincere?
You certainly have family that are Boomers. Had close dealings with Boomers at school or work or wherever. All of 'em are a scourge and a pox?
Heard others say such too, so I am curious.
Because their parents lived through depression.Those boomers who know how to accumulate wealth also know how to hold onto it.
Student Loans is one reason.
However, if you blame others where you are in life financially, you’ll likely be in that situation the rest of your life. I know several millennials making piles of money.
Shouldn’t this be on a per capita basis.
Immainly from their self serving attitudes.
Didn’t blow every penny on shiny new cars
I would agree with him insofar as generalizing it. As a generation, boomers suck and are the cause of most of the ills in this country, mainly from their self serving attitudes.
Are there good boomers? Absolutely ...
ever heard of estate taxes?
I'm hoping you are kidding. I'm hoping you think you've established enough of a reputation here as a reasonable person that you feel it's safe to assume people know you are kidding.No. He’s right.
F the Boomers. They’re a scourge and a pox upon our economy, and humanity. Selfish, gluttonous bastards. All of them.
If you extrapolate the boomer line back to when they were in their 20s, it looks like they started out about the same as the other 2 groups.Did you miss the part where boomers, at the same age, had more than double the wealth of Gen X'ers? 50 year old Bommers had over 40% of the wealth, 50 year old Gen X'ers had less than 20%.
That's a problem. That's a major problem. Bring back marginal tax rates...
No, Boomers suck, the only reason they have any clout is because they are policy makers now.I'm hoping you are kidding. I'm hoping you think you've established enough of a reputation here as a reasonable person that you feel it's safe to assume people know you are kidding.
Is that true?
Because if you are serious, this is dangerously vicious thinking.
No. He’s right.
F the Boomers. They’re a scourge and a pox upon our economy, and humanity. Selfish, gluttonous bastards. All of them.
Lol. It will all be gone when they die taken from health care costs and the such.
Student Loans is one reason.
However, if you blame others where you are in life financially, you’ll likely be in that situation the rest of your life. I know several millennials making piles of money.
Get out of here with that bullshit. They learned to take care of themselves and did. They worked hard for what they have.
Ever heard of the $2 M exemption?