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1/ boomers vs literally everyone else
1. mid 30’s millennials have 1/7th of the wealth boomers had at that age ( @graykimbrough
)
2. the “great wealth transfer” of $57B from boomers to millennials may be cancelled due to healthcare costs and failing pensions / entitlements
1. mid 30’s millennials have 1/7th of the wealth boomers had at that age ( @graykimbrough
)2. the “great wealth transfer” of $57B from boomers to millennials may be cancelled due to healthcare costs and failing pensions / entitlements
2/ more fun data points...
3. millennials own 4% of real estate by value. in their thirties, boomers owned 32%.
4. millennials also earn 20% less than boomers did at the age despite being more educated
5. by 2030, boomers are expected to push healthy costs to $6T per year
3. millennials own 4% of real estate by value. in their thirties, boomers owned 32%.
4. millennials also earn 20% less than boomers did at the age despite being more educated
5. by 2030, boomers are expected to push healthy costs to $6T per year
3/ the fault lines are forming...
6. in Congress, boomer representation went from 62% in 2016 to 54% in 2018
7. however, our presidential hopefuls are both over 70. so... that’s something to think about.
we need to work on economic solutions to decrease wealth disparity
6. in Congress, boomer representation went from 62% in 2016 to 54% in 2018
7. however, our presidential hopefuls are both over 70. so... that’s something to think about.
we need to work on economic solutions to decrease wealth disparity
4/ but most importantly, we need to find a more sustainable way to manage retirement and healthcare costs
there is going to be a flat out generational war in this country if millenials face another decade (or several) of rising taxes and indebtedness
there is going to be a flat out generational war in this country if millenials face another decade (or several) of rising taxes and indebtedness