The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers

CantaloupeLifestyle@lemmy.world to politics @lemmy.world – 640 points –
The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers
fortune.com
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That's right. All the Baby Boomers had kids at the exact same time. They totally didn't give birth to Gen Xers or Millennials.

All their money will go to one generation.

It's a well-established pattern that, as soon as generations come up for discussion, shit gets dumbed down fast.

In general, I value Adam's take on the notion that generations don't really exist and view it mostly as a tool of marketing and the elite.

The corporate media narrative of the Boomer-Gen Y division is a classic case in point. Looking back, there was the Boomer vs. "Greatest" Generation narrative. Watching the current narratives of Boomer vs. Gen Y and more recently Gen Y vs. Gen Z is like watching re-runs.

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