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Thread 82458792

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Anonymous No.82458792 [Report] >>82458828 >>82458899 >>82458903 >>82458906 >>82459134 >>82459172 >>82459217 >>82459650
What do boomers do with all this money?
Anonymous No.82458828 [Report] >>82458913 >>82458920 >>82460261
>>82458792 (OP)
kek how are scumllennials doing so bad
Anonymous No.82458892 [Report]
its going into private healthcare and private old people care facilities
even some scams perchance
Anonymous No.82458899 [Report] >>82458919
>>82458792 (OP)
>what is exponential growth
but also, boomers bought houses for pennies on the dollar and zoomers can barely afford rent or get jobs.
Anonymous No.82458903 [Report]
>>82458792 (OP)
Investing to make more money. However they're stupid and it's actually being funneled to India
Anonymous No.82458906 [Report]
>>82458792 (OP)
They send them to Indian scummers.
Also alimony payments and a harem of webcam whores maintainence.
Anonymous No.82458913 [Report] >>82458925 >>82458937 >>82459001 >>82459650
>>82458828
Millennials are set to inherit the bulk of that wealth and are on track to becoming the richest generation that ever walked the face of the earth. Do you even know how money works kek
Anonymous No.82458919 [Report]
>>82458899
Should have listened to the millennials who told you not to get a degree in english arts
Anonymous No.82458920 [Report]
>>82458828
We came of age during a literal Republican-induced economic depression. So, we empathize with gens z and alpha.
Anonymous No.82458925 [Report] >>82458930 >>82460048
>>82458913
>thinking that money won't just go to the banks or the government
Anonymous No.82458930 [Report] >>82458961 >>82458980
>>82458925
That is not how trust funds work anon.
Anonymous No.82458937 [Report] >>82458944
>>82458913
>Millennials are set to inherit the bulk of that wealth
Lol. Lmao.
Boomers gonna remortgage their $3m starter homes and blow it all on cruises
Come on millennials, keep those bootstraps tight!
Anonymous No.82458944 [Report] >>82458969 >>82458974 >>82459347
>>82458937
I know reading is hard but try to not embarrass yourself
Anonymous No.82458961 [Report] >>82458983
>>82458930
You think the bulk of people use trust funds rather than a small minority?
Anonymous No.82458969 [Report] >>82458983
>>82458944
>AI Overview
OK, now can you cite a source that won't tell me to put glue on pizza?
Anonymous No.82458974 [Report] >>82460174
>>82458944
>tfw no massive inheritance otw for me
>closest is my grandma
>she's spending all her savings on trips to spain (good for her)
>she'll leave us grandkids the apartment when she goes, but that's split on 3 and won't change our lives or anything but will probs lead to some infighting
Being born poor sucks.
Anonymous No.82458980 [Report] >>82458991
>>82458930
>thinks leaving money in an inheritance will permanently keep the government's hands off it
oh my sweet summer child...
Anonymous No.82458983 [Report] >>82459044 >>82459055 >>82459650 >>82460287
>>82458969
It is okay if you want to act all retarded. AI is simply summarizing what 10 other articles will tell you the same economics forecast. Are you a gen X who is going to be left without shit? Why are you so salty lmao
>>82458961
My parents use a trust fund for their house and will. It is not some arcane feature only the super elite use
Anonymous No.82458991 [Report]
>>82458980
That is factoring after taxes genius
Anonymous No.82459001 [Report] >>82459018
>>82458913
>implying boomers wont spend it all on cruises and snake oil immortality treatments when they can no longer cruise
Anonymous No.82459018 [Report]
>>82459001
Boomers dont go on cruises anymore, Carnival stock is way down
Anonymous No.82459044 [Report] >>82459128
>>82458983
>refuses to properly cite source
>"It is okay if you want to act all retarded."
I can see how you think that, but it is actually not okay to be retarded, you retard.
Anonymous No.82459055 [Report] >>82459128
>>82458983
>My parents use a trust fund for their house and will. It is not some arcane feature only the super elite use
I never said that it was impossible, merely that trust fund babies are of the vast minority, perhaps due to overall financial literacy.


The illiteracy rate in general in America is at 20%.
Anonymous No.82459128 [Report] >>82459144 >>82459166
>>82459044
Nigga it says it right there on google, you really want me to link the article we both know you are not going to read which proves what I am saying is correct but you will act like a faggot nigger anyways?
>>82459055
No you acted like it was this mystical arcane feature of the economy only the 1% uses when it is in fact quite common amongst homeowners who are passing their estate to their children
Anonymous No.82459134 [Report]
>>82458792 (OP)
nothing they are all waiting to sell their house for 40 mil.
Anonymous No.82459144 [Report]
>>82459128
>Nigga it says it right there on google
The thing that tells people to put glue on pizza and kill themselves?
I did look into the articles. They all point to the same blogpost where some onionlad engages in wishful thinking as the original source.
https://www.morningbrew.com/stories/2025/03/28/the-great-wealth-transfer-is-upon-us


lol. lmao.
Anonymous No.82459166 [Report] >>82459180
>>82459128
>it is in fact quite common
How common? Numbers, please.
Anonymous No.82459172 [Report] >>82459190
>>82458792 (OP)
it's mostly in their homes
Anonymous No.82459180 [Report] >>82459185
>>82459166
Common enough that I get one. I must be some mythical 1%er my BOOMER parents must be some financial wizards who have predestined me for greatness. Thank you BOOMERs for being so economically savvy as to utilize the uber secret trust fund in order to avoid probate court
Anonymous No.82459185 [Report]
>>82459180
>Everyone's situation must already be the same as mine!
Stop being an ostrich. Look up the numbers.
Anonymous No.82459190 [Report] >>82459214
>>82459172
Which they cannot take with then when they die.. which will go to their children.. which will get sold off for cash.. which will make the Millennials the richest generation of all time
Anonymous No.82459195 [Report]
Since the young lad will listen to the AIs....
Anonymous No.82459214 [Report] >>82459267
>>82459190
>will go to their children
You can't predict the future. Maybe the banks or some corporation will figure out how to take it.
Anonymous No.82459217 [Report]
>>82458792 (OP)
Eat out multiple times a day everyday and buy Amazon stuff everyday
Anonymous No.82459263 [Report]
doesn't matter when you get inflated out of 50% of it after 4 years of covid
Anonymous No.82459267 [Report] >>82459297
>>82459214
>figure out how to take it
By breaking trust laws?
Anonymous No.82459297 [Report]
>>82459267
By ignoring the less-than-2% who are irrelevant to the business model? What law is being broken if over 98% of people don't have trust funds?
I'm glad that you're passionate about financial literacy, but maybe become a financial advisor and buy ads if you think more people should have them and want to help instead of just standing on the sidelines and wondering why everyone is retarded.
Anonymous No.82459328 [Report]
They blow it on stupid shit they don't even need, my father's friend built a small cottage on their property for no reason next to their pool...
Anonymous No.82459347 [Report] >>82459355 >>82459650
>>82458944
>reverse mortgages and blows it all on hedonism
Heh, nothing personnel kid
Anonymous No.82459355 [Report] >>82459392
>>82459347
This made me chuckle thanks anon, thankfully my boomer parents are not like that
Anonymous No.82459392 [Report]
>>82459355
>my boomer parents are not like that
>he doesn't know
Anonymous No.82459650 [Report] >>82459790
>>82459347
I know some that travel, I actually think its one of the best things for them. I think it would do my parents good to travel a bit but I think they grew up in a time when it was considered a waste of money, my grandparents traveled a lot more and even moved countries. They are basically retired and the most they do are shitty little day trips, its so boring around their little town.

>>82458792 (OP)
Realestate and excessive renovations to their houses.

>>82458913
So by the time tax is taken out of the $1.2 million house you have $500k and then its divided between 4 children and what it is that barely 2 years of wages for each person. A yeah even if there is no tax now they will find a way to put in some levy.

>>82458983
Boomers act like you are trying to rob them if you give financial advice, stuff like moving money so medicaid doesn't take it for people in America.

I find it morbid, say you parents had you at 24, does that mean when you get the money that you only have 24 years left to live, barely even 4 generations of game consoles so I guess by ps9 if they died now.
Anonymous No.82459790 [Report]
>>82459650
>by the time tax is taken out of the $1.2 million house you have $500k and then its divided between 4 children
That's me. But my grandma has a nice (though not big) apartment in an attractive area of town (our capital). The apartment, based on location, is probably worth between 500k-1M. That's split on three. Realistically I'd be happy to get over $150k, and at most $250k. That's nice money, but like, you're not gonna quit your job and go live crazy. I'm getting older too and gotta think about my future children's school funds etc (int'l school year 1-9), which is probs where most of the money would go. Maybe it would cover most of a townhouse in a decent area too. I live in Asia so it's cheaper here, but not by an enormous margin.
Anonymous No.82460048 [Report]
>>82458925
this, the government knows that wealth transfer is going to happen soon. like the mob, at least concerning the US gov, it's going to get it's grimy hands on every dollar it can by any means before, and while it happens. just look into how much of a money vacuum the elderly healthcare industry alone is.
Anonymous No.82460174 [Report] >>82460367
>>82458974
So what country are you from that an apartment is something you can own and not just rent? In my country, the United states, we call that type of apartment, a condominium. We would never refer to an apartment as something that gets passed down though. You can only rent an apartment.
Anonymous No.82460261 [Report]
>>82458828
Did you check housing prices and tuition? You should.
Anonymous No.82460287 [Report]
>>82458983
No i am not accepting you attempt to elevate AI as infallible God that everyone should believe without questioning.
Go write post with sources quotes yourself.
Anonymous No.82460367 [Report]
>>82460174
That's interesting, I never knew that. And I have lived in the States for a while, too. To me a condominium is an apartment complex with shared facilities (i.e. pool, gym, co-working etc) and a dedicated and permanently staffed juristic office for building management. That's how it's used in Asia, anyway. Ownership isn't something I've ever considered as a qualification, though it may very well be. I'll look into.

I'm from Sweden, though I don't really live there. You can absolutely own apartments here, like any other property. The main difference between apartments and condos to us is the idea of shared spaces and shared management. In apartments, you're sort of left to your own devices, though typically through a sort of property's council, where members/tenants make communal decisions, as opposed to a condo where there is dedicated staff employed by the property developers who manage upkeep, postal services and legal matters.

Our family technically owns two apartments and a house, which is good, but that's tied up and I'm unlikely to ever see any of that. The three of us "kids" (my older brother already has children of his own) all rent apartments.

I'm gonna do some more reading on that, cheers.