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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This thread is bizarre.  So many wealthy people not really getting it.   Usually if you are making $100k as a single then you are likely living in a high cost of living area and indeed probably living paycheck to paycheck.

It takes two decent salaries to afford housing and daycare costs now.

However, we are going to see one of the greatest wealth transfers in history soon as boomers pass on their wealth to fend and millenials.  Boomers control about 70% of the wealth in the country.[/quote]

You're saying the boomers will die soon?[/quote]

I dunno, boomers have a lot of money now, at the end of their careers/beginning of retirement, but they are going to live longer than any generation in history and will probably spend a lot of it, including on healthcare and end-of-life care.  My late-60s parents have a lot of money right now, but 20 years from now? Who knows.  They have stopped working and have nothing but expenses now.[/quote]

Depends on how investments do--they have social security, maybe a pension and income and appreciation from investments.  My MC parents who are now in their 70s have found that they get richer every year even though they also have nothing but expenses and some significant health expenses.  End of life care is the kicker though--it can eat through everything.[/quote]

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