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When those boomers die where does the money go?
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The single biggest generational transfer of wealth in human history.

https://en.wikipedia.org/wiki/Great_Wealth_Transfer


I sincerely wonder how this is going to work given the large divergence in lifestyle preferences between these generations. Real estate especially will be an interesting one - lots of young people either cannot (due to employment situations) or actively choose not to live in the areas that their parents did. What will happen when these houses hit the market? How will this huge supply increase affect the people who do live there? Nobody I know is moving to Pennsyltucky to live in their parents' house even if it's free... will it crater property values for all of the hard-working townies who sunk their money into their own homes?

>will it crater property values for all of the hard-working townies who sunk their money into their own homes?

It already has. Rural land prices going down in real terms is a decades old thing.


Tax man, funeral industry, late life casino runs, o o o o o o an investment in GVC gold

Feeding massive wealth inequality. Why work hard when your neighbour gets far better than you through inheritance.

It’s an anti-meritocracy.


>Why work hard when your neighbour gets far better than you through inheritance.

You'll be forced to work harder than those with inherited wealth because otherwise you'll starve and go homeless from the exploding CoL.


Musk, Ellison, Zuckerberg, Gates, Bezos.

Even though they have some money their wealth is trivial compared to the generational transfer.

Trivial? Sounds like bootlicker-talk.

Top 5 billionaires ≈ bottom 40% of Americans — roughly 135 million people.

(The bottom quarter of households have essentially zero or negative net worth, so most of that $2.2T sits with people in the 25th–40th percentile range. It's an estimate — the Fed doesn't publish fine-grained slices — but 5 people vs ~135 million is about where it evens out.)




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