Financial experts warn: Boomers hoarded $83 trillion while Gen Z eats ramen
Key Points
- Wealth accumulation and the impending $83 trillion transfer ...
Baby Boomers have mastered the art of wealth accumulation while younger generations perfect the art of complaining about it on TikTok. According to analyst Mark Edwards, governmental policies like quantitative easing have essentially become a generational wealth transfer program—except it's flowing upward, not down.
The numbers tell a stark story: over $83 trillion in assets will change hands globally by 2050, making this the largest wealth transfer in human history. Meanwhile, Gen Z is out here treating high-interest savings accounts like they're the holy grail of investing, which tells you ...
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