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Patteeu Memorial Political Forum>Millennials Will Become Richest Generation In American History
BucEyedPea 04:32 PM 05-03-2021
As Baby Boomers Transfer Over Their Wealth
So stop ye'r whinin'. You will be able to pay off your college debt afterall. :-)

A study shows that Millennials will hold five times as much wealth as they have today and the group is anticipated to inherit over $68 trillion from their Baby Boomer parents by the year 2030. This will represent one of the greatest wealth transfers in the modern times. ...

There are approximately 618,000 Millennial millionaires, according to WealthEngine data, as part of a study compiled by real estate firm Coldwell Banker. Millennial millionaires make up approximately 2% of the total U.S. millionaire population. The majority of Millennial millionaires have a net worth that ranges from $1 million to $2.49 million and fall between the ages of 34 and 37. Due to inheritances, trusts and estate planning, there will be a steady flow of Millennials getting very rich soon. Since the Millennial generation is smaller than the Boomers they're inheriting from, the wealth handed down will be highly concentrated. Ironically, this could contribute to increasing wealth inequality. [So will you still be for socialism or selfish and greedy capitalists?]

https://www.forbes.com/sites/jackkel...h=5fe9743a6c4b

[Reply]
BucEyedPea 06:16 AM 05-07-2021
Originally Posted by HonestChieffan:
Interesting talk with a financial guru sort of on this subject.
Oh look, HCF doing what he pokes fun at me for doing—mentioning a nameless person he knows. A financial guru no less. If he's such a guru he should be named.
[Reply]
cosmo20002 12:47 PM 05-07-2021
Originally Posted by HonestChieffan:
Interesting talk with a financial guru sort of on this subject.
Originally Posted by BucEyedPea:
Oh look, HCF doing what he pokes fun at me for doing—mentioning a nameless person he knows. A financial guru no less. If he's such a guru he should be named.
BEP bringing the heat!:-) Kill shot to HCF!
He probably heard it on the radio.
[Reply]
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