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re: Everyone blames boomers for hoarding wealth

Posted on 7/29/26 at 5:58 pm to
Posted by athenslife101
Member since Feb 2013
20607 posts
Posted on 7/29/26 at 5:58 pm to
What a load of bullshite. I know plenty of people from wealthy families who are almost to living out of their vans
Posted by N2cars
Member since Feb 2008
40125 posts
Posted on 7/29/26 at 6:03 pm to
This thread will bring out the halfwits that can't do remedial math.
Posted by el Gaucho
He/They
Member since Dec 2010
59829 posts
Posted on 7/29/26 at 6:16 pm to
quote:

Those boomers will be dead in 20 years.

Wrong


Elon will put boomers brains into millenials bodies
Posted by GreatLakesTiger24
Member since May 2012
61270 posts
Posted on 7/29/26 at 6:22 pm to
quote:

nd how has the individual boomer done this? Explain.

435 Congressmen, 50 Senators, 9 Supreme Court justices and the President over the last 65 years are the people responsible for the state of this country.


quote:

Final Combined Estimate

Baby Boomers themselves
• Supreme Court: 5 of 9
• Senate: ~31 of 50
• House: ~150–200 of 435 (current), historically majority for decades
• Presidents: 3 of the last 13, but governing most of the last 30 years

Politicians heavily elected by Baby Boomers

Because Boomers dominated turnout for ~30 years:
The majority of all presidents, senators, and representatives elected from ~1988–2016 owed their victories largely to Baby Boomer voters.

Bottom line
Over the last 65 years, Baby Boomers either were the leaders or chose the leaders for most of modern U.S. political history.
They are responsible for a very large share of the political direction of the country — far more than any other generation.
Posted by Fencepimp
Brusly
Member since Jun 2022
1193 posts
Posted on 7/29/26 at 7:14 pm to
Seems some are butt hurt by having to work for a living.

Get over it and man up.

Your children will regret you being a sponge
Posted by Boudreauboudreaugoly
Land of the Rice n Son
Member since Oct 2017
3146 posts
Posted on 7/29/26 at 7:26 pm to
quote:

What a load of bullshite. I know plenty of people from wealthy families who are almost to living out of their vans


No boomers I know inherited any “wealth”. Cry a little harder.
Posted by Boudreauboudreaugoly
Land of the Rice n Son
Member since Oct 2017
3146 posts
Posted on 7/29/26 at 7:34 pm to
quote:


My parents are spending their money as fast as they can. They told us to not expect anything


My parents told me the same thing. Furthermore. I never EXPECTED anything. Just education (paid for by myself) hard work, and perseverance. I never asked them for anything because they didn’t have anything to give me other their undying support. (But no financial support).
Posted by GreatLakesTiger24
Member since May 2012
61270 posts
Posted on 7/29/26 at 8:47 pm to
quote:

No boomers I know inherited any “wealth”. Cry a little harder.

lol what
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
82034 posts
Posted on 7/29/26 at 8:51 pm to
quote:

Considering Medicare/Medicaid cuts, most of that wealth will be transferred to assisted living facilities and in-home care.


Are those owned by boomers who also happen to be immortal?

If not, the younger generations still get the money.
Posted by forkedintheroad
Member since Feb 2025
2640 posts
Posted on 7/29/26 at 8:57 pm to
quote:

Considering Medicare/Medicaid cuts, most of that wealth will be transferred to assisted living facilities and in-home care.


Sounds like a huge business opportunity for aspiring millennials.

As always, generational stereotypes have no effect on motivated individuals of any generation.
Posted by athenslife101
Member since Feb 2013
20607 posts
Posted on 7/29/26 at 9:12 pm to
What? They were given everything they could have asked for
Posted by AtlantaLSUfan
Baton Rouge
Member since Mar 2009
27434 posts
Posted on 7/29/26 at 9:17 pm to
Boomers are blowing thru their retirement income more than any generation ever. There won’t be much wealth left to transfer.
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
62768 posts
Posted on 7/29/26 at 9:43 pm to
quote:

Considering Medicare/Medicaid cuts, most of that wealth will be transferred to assisted living facilities and in-home care.


True Story.
Posted by Auburn1968
NYC
Member since Mar 2019
27357 posts
Posted on 7/29/26 at 10:03 pm to
quote:

That being said there are a lot of families that own their homes outright so at minimum a lot of people will inherit a paid off home and that's not just the wealthy.


The problem there is taxes on inherited property when most of the gained value is really little more than inflation. It's kind of like government is taxing the inflation it created.

Quite a racket!
Posted by CPA Yung Boi
Member since Apr 2026
166 posts
Posted on 7/29/26 at 10:04 pm to
quote:


The problem there is taxes on inherited property


If your estate is about $40 million, sure
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41413 posts
Posted on 7/29/26 at 10:37 pm to
quote:

That will be a huge wealth transfer to financially immature people


The transfer will go to a relatively small. Number of people, none of whom are currently hurting for jobs or money.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41413 posts
Posted on 7/29/26 at 10:41 pm to
quote:

I disagree….what wealthy people are good at is not giving their kids money….they teach their kids how to be rich.


First gen wealth… sure

quote:

Wealth is all about making the right choices in life and having the work ethic to follow through with those choices.


It’s also about being g in the right place at the right time. With the right resources.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41413 posts
Posted on 7/29/26 at 10:42 pm to
quote:

Boomers are hoarding all the wealth” “Boomers are holding up all the good jobs by not retiring because they didn’t save for retirement” Well which is it?


Different groups of boomers?
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41413 posts
Posted on 7/29/26 at 10:47 pm to
quote:

The problem there is taxes on inherited property


Step up basis
Posted by Sunnyvale
Little ST. James
Member since Feb 2024
3716 posts
Posted on 7/29/26 at 11:18 pm to
quote:

Considering Medicare/Medicaid cuts, most of that wealth will be transferred to assisted living facilities and in-home care.


This is what I see.
Not in every scaniro, but those facilities, get the house, 401k, etc.
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