Generational transfer of wealth largely built up in property will amount to $90tn in US alone, report says

SPOILER: Article assumes that Boomers will die and leave their wealth to Millenials.

  • ChocoboRocket@lemmy.world
    0·
    10 months ago

    Any chance this wealth is a byproduct of inflation?

    Both the value of the dollar, and its purchasing power are heavily eroded over time.

    Someone making 10k a year is pretty wealthy when a home is $4,000 in the year 1900

    Someone making 80K a year is relatively broke when a home costs 600K in the year 2024 (should cost 32k by comparison)

    Let alone everything else that skyrockets in price as wages crawl