CantaloupeLifestyle@lemmy.world to politics @lemmy.worldEnglish · 11 months 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-square71fedilinkarrow-up1669arrow-down121
arrow-up1648arrow-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 · 11 months agomessage-square71fedilink
minus-squaretrash80@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up60arrow-down1·11 months 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-down1·11 months 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-up10·11 months agoWell for it to average out, they would get 500 times richer.
minus-squareFrozengyro@lemmy.worldlinkfedilinkarrow-up15arrow-down1·11 months 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