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][quote=Anonymous][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. 
[/quote]

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]

Who do you think is going to inherit the houses and 401k balances of boomers?[/quote]

The elder care industry.[/quote]

Some, but not all of it. In the next decade or two, we’re going to see an inheritance windfall like never before. It’s not like the past where retirement was tied up in pensions and Social Security. Boomers and GenX are sitting on trillions in retirement savings, living off the interest.  They can’t possibly spend the principle in their lifetimes.[/quote]

So here's an idea Millennials/Gen Z/Gen Alpha:  use ur technology skills to build better platforms to deliver those elder care services. U know...sort of like being the Amazon for elder care service delivery. Just beats whining about that job.  Be the change u want to see. 
The price for in-home elder care is easily going to hit $150-200/hour in the next 15 years. We will have soooooo many Boomers who will need care but will have a shortage of facilities, doctors, nurses, and home health aides. Medicare and Medicaid will likely only cover a small fraction of the actual market-based costs. Lots of practitioners will stop accepting Medicare and Medicaid except absolute bottom-of-the-barrel crap.

The massive “inheritance windfall” will only be among a relatively small cohort of ultra-high net worth white families. [/quote][/quote]

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