Why “the great boomer wealth transfer” may be a myth

14 thoughts on “Why “the great boomer wealth transfer” may be a myth”

1. There is going to be a wealth transfer, the boomers are transferring it now to the pharma corporations, the nursing home owners, health insurance companies, ambulance companies and anyone else who lives off the backs of the elderly.

   On a related note, that money was never hers, she is complaining about something she was never entitled to in the first place, people save all their life to retire and live comfortably, yet somehow their heirs seem to think they are owed something for simply being born. Generational wealth means something to the wealthy, and by that I mean billions of dollars of net worth, it’s a great illusion to the rest of us. The wealthy have trusts set up to shelter their money from taxation, they have lawyers to legally hide assets and divest themselves of their assets before they die. Normal folks don’t have that ability or capital to protect. The more heirs involved the more diluted it becomes. To paraphrase George Carlin: the owners of this country won’t let you become wealthy, it’s not in their best interest, it’s a big club and you and I ain’t part of it…..

2. I have money and it's mine.

3. Yeesh. Did I inadvertently click on a video from The Onion?
   Nothing personal, but I can't wait for this woman's children to talk about how disappointing it is that she's still alive & eating into their inheritance.
   Maybe they already talk that way about her. Maybe greed is one of the family treasures being passed down in this family.

4. I can't imagine being so selfish. Dying must be pretty scary.

5. There is no way that woman’s husbands grandmother was a baby boomer.

6. gen x

7. Some boomers are rich, but some are also poor (Dave Ramsey callers include boomers). Generation X may also take some of it.

8. Even in death, boomers find a way to be less helpful to others AND greedier than previous generations. Quintessential boomering.

9. Who would possibly believe that boomers have all the money?
   Boomers are like everyone else. A few winners and a whole bunch of losers.
   The wealth is concentrated in a few million of the 300+ million Americans.
   Generation has nothing to do with it other than having a lifetime to accumulate that wealth.
   Why is everyone so simple minded these days?

10. you should get older and more out of touch people to comment on stuff next time

11. Because Joeflation democrats are hammering the middle class boomer generation?

12. Of course not all bommers are wealthy. But most of the wealth is with the Boomers

13. MY MOTHER has a home with over $1 Million. I finally got her to put it in a Living Trust. She put me in charge of it. She is leaving $50k to each grandchild. The rest will be divided into the 4 children. I don't plan on taking my share. I will just divide it up between my 3 siblings. They could use the money. I'm doing very well and don't need it. My mom told me she put me in charge because I'm the only one that she totally trusts. Sad in a way. FYI – My mother-in-law lives with us. My mom is living in her home with my older sister. (I visit her every 2-3 weeks to fix things around the house) I asked her many times to move in with us. But she is determined to stay in her own home. She is 83. SIDENOTE: My parents purchased their home in 1965 for only $20k

14. It’s NOT a myth. Y’all just think we’re dumb enough to believe whatever lie let’s y’all hide that money. We’re not.

Comments are closed.