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Old 10-08-2025 | 01:44 PM
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rickair7777
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From: Engines Turn or People Swim
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Originally Posted by khergan
There are actually a lot of articles out there about how the Boomer wealth transferring to their GenX / Millennial children is mostly a myth.

Dispelling myths about the ‘Great Wealth Transfer’ | CFA Institute
The Great Wealth Transfer From Boomers to Millennials Is Overblown - Bloomberg

Yes, there will be some wealthy baby boomers who pass their wealth on to their kids, but they are in the minority.

Most unfortunately are like the LEPF crowd and have blown it on alimony, boats and who knows what else. For most Millennial / Gen X kids, we will get nothing.
I've never stated or believed it will be a vast windfall, but it will be significant... how can it not, they have a lot of wealth but significantly fewer kids per capita than older generations (who needed help on the farm, and weren't inclined to birth control). Even in the hypothetical where they blow it all on yachts and vacations, there are still all the houses... those either transfer directly, or if sold, will glut the market and make homes more affordable.

There is some societal benefit to elderly couples and singles moving into smaller homes/condos/care facilities, and making the larger homes available for families. But I'm not interested in any .gov scheme to force them to leave their homes before they're ready.

The non-paywall article says there's plenty of wealth, it's just not distributed very evenly. Fine, the kids can discuss amongst themselves how to tax and distribute it.