/biz/ - Business & Finance

>$75 trillion

Wtf? How do they have so much? Is it counting all the RE they're going to reverse mortgage?

Pretty sure these diseased old fucks need that money for health costs because they're all old faggots riddled with cancer and arthritis.

>>55411670

It has to be a fake/prank story. Or, the person who wrote it is literally retarded.

>>55411637
Wow boomers are generous heroes while millennials are so lazy and selfish and stingy

>>55411678
respect your elders retard, they're the people who built the society we live in today

>>55411771
>THEY'RE THE PEOPLE WHO
no. it was decided by a small group of "politicians" while the rest of us just play the game

>>55411771
Lol, if they built society as it currently is they deserve a fate worse than death. But while they've sped up the degradation of society in the last 20 years, the foundation was laid by the greatest goyeneration.

>>55411771
Why would you tell me to respect them and then give me a reason NOT to respect them?

>>55411637
The last generation that was allowed to have anything for themselves. Now, as you all know I am sure, you will own nothing and be happy.

>>55411637
remember we also fucked the entire economy to save them from the coof

>>55411670
boomers have as much money as circulating cash exists therefore everyone else has ...

>>55411786
>decided by a small group of "politicians"
1. politicians dont decide anything, people who fund them make all the decisions.
2. making decisions does not equal building. People build. microsoft, google, apple, those are things that have been built by people, not politicians.

>>55411637
Boomers are going to save the economy by consuming all of the goods

>>55412315
kek
welcome to the modern world

>>55411637
> Consumption saves the economy
Bullshit.
They're going to spend tokens they awarded themselves to consume everything.
Tokens in and of themselves are not wealth.

>>55411771
Time to get in the ground and be covered with earth
> It's 2045, I write online what filth the boomers were
Nobody objects because they are all gone

>>55412287
>microsoft, google, apple, those are things that have been built by people, not politicians.
Amazed that people as profoundly retarded as you can even breathe unaided.

>>55411637
The based boomers are going to save us once again. Fellow millennial-sisters... we don't deserve them...

>>55411771
Boomers loaned money in theyr childrens and grandchildrens name.
They ruined lifes for generations.

>>55411771
nice bait

>>55411637
No they won’t, they think they’re immortal so won’t spend most of it.

>headline is basically "YOUNG PEOPLE ARE STRUGGLING TO GET THE THING THAT OLD PEOPLE ARE BURNING LOL"
This has been almost every boomer retirement related headline for over 10 years now. Is this to condition the minds of young people that it's not normal to leave any inheritance, or is it meant to create resentment towards their parents/grandparents?

>>55412845
no inheritance. certain celebs have said this. daniel craig iirc. but then there is no inheritance and no inheritance. it’s a kind of anti nepo baby trend. resentment will only carry over. really the many boomers are being shaken down by the few boomers

>>55411637
They need the money for healthcare unironically. My boomer parents weren't prepared to see their parents spend $8k a month on nursing home stay. Literally $8k a month. I could live on that for a year. By the time they get placed in a nursing home it will be $20k a month. Every boomer will get cleaned out and have nothing left to pass on. My parents thought they'd get something from their parents. Nothing was left after paying for end of life healthcare.

>>55412845
you aren't going to have anything left to be inherited in the first place, nor will you likely have any progeny who would be said inheritors.

All that is going to banks and foreign investors. Hope you learned how to build guillotines.

>>55411637
In 300 years they will curse the boomers. Weimar is what they will be compared to.

>>55411771
That was the silent generation, not boomers.

>>55411771
>they're the people who built the society we live in today

Great, now I know who to blame for everything going to shit. Might as well kill them now, they're not getting any younger.

>>55411771

>>55411670

It counts market value of all their assets, and probably the net present value of their pensions and social security payments. It ignores the fact that a sell off of assets would deflate the value of all the rest of the underlying assets. Not everyone can cash out at the top.

It's about a million per boomer. Really not that insane, considering that their homes alone are worth at least half a million.

>>55411670
>we stole all the money that would go to your wages otherwise
>we're helping!

>>55411793
The GI generation opposed all this, all of this falls squarely on boomer hippies in the 1960s.

>>55412845
Stop simping for boomers.

>>55412895
>anti-nepo
Doesn't apply to the kids making 1 million by the time they're 40 because their dad set them up with a cushy management position at his company of course.

>>55414026
Weimar is small peanuts, boomers are the fall of the roman empire.

>>55413650

The day I can no longer deal a hand of blackjack is the day I go on a camping trip in the mountains that I never return from.

I can't consider myself to be alive if I can't even turn over playing cards and count to 21.

Blaming others for not making it. Ngmi

There has never been more easy ways to get stupidly rich than right now especially crypto.

>>55414392
>Considers himself alive doing the task of a literal robot

>>55411637
Well of course us baby boomers are going to rescue the economy, just as we always have! We built this country into what it is today through decades of hard work and sacrifice, and now we've amassed a staggering $75 trillion in wealth to enjoy in our golden years. While those pesky millennials were wasting their money on frivolities like "avocado toast" and racking up student loan debt, we were investing in homes, businesses, and the stock market.

Our massive nest eggs will power consumer spending for years to come, single-handedly staving off any recession fears. We don't need excess savings or stimulus checks—we have more money than we know what to do with! Required minimum distributions? Pah, that's barely a drop in the bucket. We'll spend with abandon on luxury cruises, fancy RVs, and whatever else suits our fancy without a care for expense.

The youth today could stand to take some notes. While millennials struggle under the burden of student loans and financial hardship, we built an economic promised land and now reap the rewards of decades of prosperity and investing in the future. Of course, that very same future is now uncertain given challenges like climate change, inequality, and geopolitical chaos, but that won't stop our generation from enjoying a lavish retirement after sacrificing so much to shape the world we now live in.

Everyone can breathe a sigh of relief—the baby boomers have arrived like the calvary, money bags in hand, to single-handedly prop up the economy. You're welcome, America! Now if you'll excuse me, I'm off to the country club for a round of golf in my new Corvette. The youngsters can go back to eating their avocado toast while we take care of business, as usual. The future is bright as long as we baby boomers are still here to fund it!

>>55411771
that explains a lot

>>55415547
how can we profit from this

>>55411678
Imagine if we had single payer

>>55411670
They are actually calculating assists and not just the monopoly money we are using. Better way to measure actually. Thing is like 60 trillion of that is in reality in the hands of like 200 (((boomers))) who hold everyone hostage and the boomers are their loyal shield till the very end.

>>55415547
>sacrificing so much to shape the world we now live in
>challenges like climate change, inequality, and geopolitical chaos

try as hard as you want, kike
boomers aren't the problem, only you and all the other flavors of brown filth on this rock

>>55415547
Long text, wonder how many boomers had heart attacks between me starting and finishing it

>>55411771
They took all the money and left us a shithole skeleton of America to live in

>>55411637
cool blog post. now pay the rent and don t be late i need the money for a cruise

>>55415547
Yea and maybe you guys can divorce your 3rd wives and go back to moon boom boom

>>55411637
*sucks their wealth away with expensive medical bills on their final days and inheritance taxes*

psh nothing personelle kid

>>55412895
It's funny as if you ever poke into their financials there is never an 'inheritance' to their kids, just a trust they take over when they die. It's fine gaming the system, but why the need to advertise it?

>>55416173
>fake process cheese
Icing on the cake

>>55411771
it takes years to be able to craft bait of such high quality, hats off to you sir

>>55414363
most boomers were 10 years old then lol

>>55412845
About 15 years ago there was the beginning of a (((media))) push for Australian boomers to adopt "SKI".
>spending
>kids
>inheritance
They still write boo hoo articles for them about how it's unfair their pension is means tested and provide advice on how to rort the system
https://australianseniorsnews.com.au/featured/spending-the-kids-inheritance-safely/

>>55411637
yet american puritans don't want to legalize assisted suicide. not even covid killed them and you protect them lmao. fucking retards.

>>55411637
99% of that 75 trillion belongs to the 13 families that run the world so don't get too jelly of oldfags in your town

isn't getting rich through shitcoins and investing every cent you make essentially putting yourself into their shoes in a couple of years? really weird to complain about this

You kids have avocados and iphones be thankful.