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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][quote=Anonymous][quote=Anonymous]Transferred from where to where? Weren't mortgage rates 2% like 2 years ago?[/quote] Boomers got to enjoy 9% - 12% mortgage rates 30 year ago. But Boomers saved nest eggs road the stock market up, and the housing market up and the government handed out tax deductions for dependents like it was water. Public schools were free, now Millenials are sad having to wait to inherit all that Boomer money.[/quote] boomer road the stock market for 30+ years. Millennials have another 20 years to ride that stock market. Give it time. You are comparing 30/40 yr olds to 60/70 olds in terms of wealth. That's silly. It's like when some 30 something yr old woman who came to my house (kids were friends) and compared their lives to ours. We are like 10+ yrs older than they are. Of course we have more wealth. We had more time to accumulate that wealth.[/quote]
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