• Snot Flickerman@lemmy.blahaj.zoneEnglish
    0·
    8 months ago

    Isn’t this is all technically attributed to people like Mark Zuckerberg, who on his own accounts for 2% of all millennial wealth?

    The ultra wealthy keep skewing the fucking “average” numbers ever higher until the “average” is way higher than what over half of citizens actually have.

  • Zip2@feddit.uk
    0·
    8 months ago

    Can gen x get it before the millennials blow it on avocado toast and Netflix please?

    • Restaldt@lemm.eeEnglish
      0·
      8 months ago

      No fuck off gen x already blew theirs on cocaine and dotcom stocks

      • LinkOpensChest.wav@lemmy.blahaj.zone
        0·
        8 months ago

        I never had money for cocaine or stocks.

        I’m Gen X and I’ve always been poor.

        My parents weren’t doing much better, either.

        I don’t think I can ever retire. I’ll be one of those people that gets evicted from a nursing home

        • Snot Flickerman@lemmy.blahaj.zoneEnglish
          0·
          8 months ago

          Every generation got fucked. Boomers may be stupid in a lot of cases but they are mostly suffering under the same issues we are.

          No war but class war.

        • wrath_of_grunge@kbin.social
          0·
          8 months ago

          when i was 20, i took care of my grandmother. she got evicted from a so-called ‘Christian’ assisted living facility, that evicted her on Christmas.

          people… what a bunch of bastards.

    • IHeartBadCode@kbin.social
      0·
      8 months ago

      Gen X here. Mother died of cancer when 13. Father left us two weeks after that. Several years later, father penniless and died of an OD in a ditch in East Tennessee.

      Literally was trying to be left with the debt by the State of Tennessee, actually had to obtain a lawyer to show my legal declaration of becoming an orphan when I was a kid to get them to stop.

      So the only thing they left me with was a lawyer bill and about two years worth of court proceedings. So no, at least for me, we’re not getting anything from them.

    • Blackout@kbin.social
      0·
      8 months ago

      Sorry, remember that Nintendo you wanted so badly as a child you would do anything to get? Honestly I pretty happy I’m not millennial or gen z, they got it pretty bad. I at least got to live in a cheap Los Angeles and take a decade of my life figuring out a career. These days you better be laser focused and do everything perfectly if you want to thrive.

  • not_that_guy05@lemmy.world
    0·
    8 months ago

    Yes we are making more but compare that shit to cost of living and what we earn. It’s still fuckin trash. It’s like saying the Germans were billionaires during hyperinflation.

  • Sanctus@lemmy.worldEnglish
    0·
    8 months ago

    Lol please, these people fear death more than anything, they exist wholely within the material. They will spend every last time breathing one more wretched breath. I make a dime, while my boomer and X bosses make millions. Its not even a dollar anymore, I am straight up shafted eith no recourse but to quit and become even more poor.

  • huginn@feddit.it
    0·
    8 months ago

    All that money in ticky-tack mcmansions that they’ll never sell.

    Wealth isn’t wealth if it’s paper only.

  • FunkyMonk@kbin.social
    0·
    8 months ago

    The rich TOTALLY promise to pass it on, just like all the other things they have done for the world for future generations. -WINK-, that will shut them up right Media-dog? BARK! Good… good article…

  • orca@orcas.enjoying.yachts
    0·
    8 months ago

    The writer should maybe go and visit some nursing homes. They’ll find a fuckload of poor old people that are most definitely not wealthy.

  • IHeartBadCode@kbin.social
    0·
    8 months ago

    thanks to the property assets accumulated by the generations before them.

    These people have clearly never heard of reverse mortgage. So take what they have to say with large heapings of salt.

    While they wait for their inheritances

    LOL. Yeah these people are taking the piss here. Many of the folks I know with boomer parents that have already passed have seen roughly 90% to 96% of the accumulated wealth either taken in medical expenses, obligated debt, or just straight up poor ass planning that left the parents near penniless in their final days.

    This whole story is predicated on ignoring massive costs that come at end of life that many boomers have not planned on. And one can easily objectively see then ignoring this by failing to account the massive upswing in reverse mortgages and filial responsibility cases.

    The boomers are not giving us anything when they die except headache.

  • Obinice@lemmy.world
    0·
    8 months ago

    And which old rich boomer is going to give me money, exactly?

    My family are poor, my parents were poor, my grandparents were poor, etc etc.

    It’s all about what bloodlines you’re in. Which class you’re in. Obviously the rich ruling class are going to inherit their family money.

  • Etterra@lemmy.world
    0·
    8 months ago

    Yeah Gen-Xer here, and while I have a cut of some property coming to me eventually, I’m afraid casinos and cruise ships got just about everything else. I don’t hold it against my dad but it’s definitely not enough to make me rich. Not even close.

    • disgruntledbroad@lemmy.world
      0·
      8 months ago

      The things boomers spent on astound me. You could legitimately just get your own flipping boat for the cost of a cruise, and use it forever. They could have at least willed you a boat, dammit

  • BirdyBoogleBop@lemmy.dbzer0.com
    0·
    8 months ago

    The switch will see $90tn (£71tn) of assets move between generations in the US alone, “making affluent millennials the richest generation in history”, Knight Frank said in its 18th annual wealth report.

    • bob_lemon@feddit.de
      0·
      8 months ago

      Meanwhile, every discussion about inheritance tax is poisoned by people claiming they would need to still their parents house.