CantaloupeLifestyle@lemmy.world to politics @lemmy.worldEnglish · 1 year agoThe ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomersfortune.comexternal-linkmessage-square68fedilinkarrow-up1670arrow-down121cross-posted to: antiwork@lemmit.online
arrow-up1649arrow-down1external-linkThe ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomersfortune.comCantaloupeLifestyle@lemmy.world to politics @lemmy.worldEnglish · 1 year agomessage-square68fedilinkcross-posted to: antiwork@lemmit.online
minus-squaretrash80@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up60arrow-down1·1 year ago There’s a silver lining, though, in the other great wealth transfer that is still pending. This could make millennials five times wealthier in 2030 than they were at the start of this decade, according to a Coldwell Banker estimate. five times zero is zero
minus-squarebassomitron@lemmy.worldlinkfedilinkEnglisharrow-up38arrow-down1·1 year agoRather, 5*0 for 99% of us. The millennials who are kids of those hyper ultra rich will be 5 times richer.
minus-squareFrozengyro@lemmy.worldlinkfedilinkarrow-up10·1 year agoWell for it to average out, they would get 500 times richer.
minus-squareFrozengyro@lemmy.worldlinkfedilinkarrow-up15arrow-down1·1 year agoYou forget we’re all in debt. So instead of 20k in debt you can be 100k
five times zero is zero
Rather, 5*0 for 99% of us. The millennials who are kids of those hyper ultra rich will be 5 times richer.
Well for it to average out, they would get 500 times richer.
You forget we’re all in debt. So instead of 20k in debt you can be 100k