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Money and Finances
Reply to "Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles"
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[quote=Anonymous]What are you talking about? Most millennials purchased first homes already. I'm 37 and am in the middle range for a millennial. I purchased my first home 10 years ago and my forever home about 4 years ago. The youngest millennials are nearing 30. Interest rates only rose 2 years ago. Gen Z could complain about interest rates though. It's hard to get a first house now. Sure Boomers are sitting on a ton of cash, but so are their parents. Greatest generation and silent generation are still alive. Boomers are inheriting even more cash like crazy. They spend it as quick as they get it though on fancy cars, 10k+ cruises, 2nd homes, on and on. [/quote]
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