Reply to Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles

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Reply to "Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This boomer once had a 17.25% mortgage and never had one in the 3% area. My husband also got drafted and had to fight and get wounded in Vietnam. He didn’t want to go but he didn’t have an option and he did his duty. We have set up very well funded 529 plans for all of our grandchildren. We gift our kids a lot of money every year at Christmas and they will inherit a great amount of money. I inherited very little from my parents and my husband deferred his inheritance and it went to our children. Yes, our children and grandchildren are very lucky and unlike OPs crowd they are very grateful. [/quote]

Ofc they’re grateful for all the gifts you’re giving them. The point is - OP and her generation don’t have the same parameters to make all that money on their own, which you did have when you were younger. That’s the whole point. Unless you inherit, you’re screwed.[/quote]

I don’t think I’ve seen too many posters here who make under $100,000.   Always bragging about salary, big house, private school.  So confusing.   [/quote]

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