Article assumes Boomers won’t spend it all before they die.
https://www.theguardian.com/money/2024/feb/28/millennials-richest-generation-wealth-property
Article assumes Boomers won’t spend it all before they die.
https://www.theguardian.com/money/2024/feb/28/millennials-richest-generation-wealth-property
Weird it doesn’t feel like it.
It’s the cruelest clickbait I’ve seen in a long time.
https://www.knightfrank.com/wealthreport
The report comes out next week. I’ll probably forget, but I’m curious what it says.
Richest in variety of debt, maybe
Just as a feature of inflation the numbers that represent the wealth held by millenials will almost certainly eclipse that held by previous generations. But also thanks to inflation the actual value change represented by that larger number is sweet FA. Everything is just more expensive.
It’s because the housing market is a fucking scam. Let’s have some land value tax.
All the wealth is held up in real estate and largely that is worthless. It’s like capital that doesn’t produce.
The commies on this website don’t understand capitalism but the one thing they are right about is the housing market. Even from a capitalist point of view I got some big thoughts about how it’s fucked.