Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Stop your whining and get a therapist to help you deal with your very transparent issues with your parents. 
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NP. My parents aren’t Boomers but I legitimately don’t see how people don’t understand why Millrennials/Gen Z/Gen Alpha feel enraged that no matter how hard they work they will never have the ability to build wealth the way previous generations did. [/quote]

I think this should be revised. It’s not that Millennials/Gen Z/Gen Alpha won’t have the ability to build wealth; they will. But it will look much more like Old Europe - building wealth will be largely predicated upon by inheriting family wealth. We’ve already started to see a reversion to European norms with increased incidence of American adult children living in the homes of their aging parents. We are becoming the worst of Europe, minus the social safety net which acts as a pressure release valve.

The fact is that Boomers built broadbased wealth easily. I know so many dumb Boomers with zero common sense sitting on 7 figure net worth out of sheer happenstance. They just happened to born post WW2 in the United States, where the runway was cleared for their takeoff. Affordable college that was still funded by taxes, multiple periods of ultra low interest rates, housing prices that that were still a low multiple of median income, etc. And now? They are sitting on stacks of cash and majorly pissed off that they might have to pay capital gains while enjoying 5.25% risk free rates. Had they been born poor in India or Syria they wouldn’t have lasted more than a few weeks before getting themselves killed. That’s how lucky they are, but you’ll never hear them ever admit it particularly as they continue to pull the prosperity ladder up behind themselves.

Good job Boomers - you turned the U.S. into Old Europe all while pretending you were better than Europeans.

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