Where will the wealth go?

Debt-based monetary policies means that all future wealth creation is ALREADY going to flow to the financial classes via interest.
All past wealth creation flows to the financial classes as risk is subsidized by robbing the saved life&labor of normal people via inflation.

Did you know the rich are made of delicious meat?
It's true!

They will reverse mortgage it for an RV and a crazy young stripper wife.

The Jews will get the money.

Bleak picture is bleak. Communism when?

BERNIE 2020

Day of the pillow, when?

That's my whole point! They've sunk their wealth into stupid shit and left nothing for future generations

let me give you a hint.... they spent time in concentration camps... they are a religious minority... no one likes them... they have the following letters in their name: j, e, w, s...

Jehovah's Witnesses... they will inherit all the wealth of the earth... now you know...

>most worthless generation
>even though Jow Forums is made of millennials
>and the only awake forum on the internet in the world
OP is a jew. Jews always make everything about money. Ife is money to these jews, and if you don't have money, they shame you.

Jesus says blessed are the poor for the kingdom of heaven is theirs.

This is a rotten jew thread

Explain
>financial classes

>>'Where will the wealth go?'
What wealth? They spent themselves into debt. They treated their credit cards and loans like they treated our future.

All you'll be left with is their consumer trash from yester-year.

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And here we are fucked. We need to figure out how to create wealth extraneous from our boomer forefathers

Boomers are poor. Over half of boomers rely on social security as their primary source of retirement income. And all that's gonna get wiped out by the first major medical bill. Vulture capitalism always wins.

Gen X - 23% of the population, 16% of the wealth

Millennials have the fastest rate of net wealth growth.

>Where is the wealth in America going to be when the boomers die off?
The hosptials and insurance companies will get 90% of it. 40% of boomers will declare bankruptcy because they will run out of retirement before the run out of medical bills.

>So it will be giant corporate entities that pays their employees shit and their CEOS a lot of money who will have all of this wealth?
Trump is very good to wall Street, shits all over Main Street.

>What is the solution to the wealth gap problem
Millennials get medical degrees and jobs in health care. That's where the money is being spent, that's where the earning curve is the highest for the next 30 years.

t. state economist

Health care and nursing homes. Most people end up burning through all their savings to pay for end of life expenses.

Protips:
Set up and start putting money into a tax deferred account for your kids.

Invest in hospital and nursing home REITs

I'm not a fucking jew you worthless cunt. Please tell me, how is it you live without money?

Make your own money

I wonder if this is why socialized healthcare is suddenly gaining steam. What better way to make sure all this money gets bilked out than to subsidize it?

>wut are assets

This is the reality people don't die anymore be 60 still have parents and grandparents alive never inherit anything.

money goes where it can grow into more money.

/thread

KYS.

I'm 26, parents are 60, both grandmothers are still alive and entering their 90s.

Funny, but I actually love my family and even economically I am better off with them alive. Thanks to their generous public sector pensions and frugal lifestyle they basically print money and they are pretty generous with it.

Tell me how medicine (besides research) actually makes money? Keeping boomers and fat niggers on life support is no different than banks collecting interest. There's nothing produced.

Bernie is a millionaire with three houses. Who needs 3 houses.

>>What is a reverse mortgage?
>>What is an asset underwater bought during the housing crash with an interest rate triple of today?
>>What are stocks bought by watching Cramer?
These are liabilities.

Correction: Gen X is 20% of the population, but they still have 16% of the wealth.

Millennials are 22% of the population

Zoomers are 28% of the population

Isn't most of the biggest wealth going to go to charities? i.e. voluntary redistribution. I thought Bill Gates had some initiative and fund for that

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it went into RVs and timeshares in Florida. Boomers are the true "me" generation

>What better way to make sure all this money gets bilked out
Like Rick Scott, biggest medicare criminal in the history of the US and his Hospital Corp of America?

Ok mr. Economist.
Who is paying for that social security right now? How long until it runs out because it is a broken system? What happens when the boomers sell all of their property to cash in on the equity?

What are millennials going to do with the 1969 numbers matching 440 6 pack Dodge Challengers, conservatively appraised at $120,000, when boomers pass them down?

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By the time you reach 60, 12% of the people your age will already be dead.

You have this wrong. The boomers are not dying. The boomers PARANTS are dying, and leaving the money to their boomer children. It will be \ is the biggest wealth transfer in history.

I'm a 60 year old boomer. My mother is 91 years old, and is in good health. I should live for another 50 years easly. Milenials will live until they are 115-120 years old. The kids in high school now will live until they are 125-130.

When my mother dies, I will retire, as I will be a millionaire.

Diversity will save us Bernie wants to import millions of shitskins who are just here to work surely they will pay taxes and social security for white boomers.

This.

They'll be leaving us garbage, and they still wont retire.

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Boomers are the generation that loved playing "keeping up with the Joneses."
It's this passive-aggressive behavior where they get jealous of their neighbors and try to look better than them by buying nicer shit.
Neighbors got a new mower? Billy boomer is going to show them up by getting a top of the line zero turn riding mower on financing. Now they got a pop up camper? Better get a huge RV that has to be parked on the street because it doesn't fit in the driveway.

They buy this shit to show off and wonder why they're struggling to pay for medications a few years later when the 401k runs dry. I don't know how many boomers I've seen with shit like jet skis sitting in the yard that haven't seen water besides the fucking rain. They're the niggers of generations.

>Communism
The economic system overlaid the debt-based monetary policy is window dressing and largely irrelevant.
Persons who collect the interest on debt flows. Persons whose financial risk is subsidized by inflation. At this point they are mostly corporations in a direct capacity.
In humans: the wealthy welfare class.

they're being financially responsible

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I do. I make 80k a year, and it barely gets me by.

>There's nothing produced.
The US is a service-based economy. Provide a service, get paid.

You won't be able to drive it agenda 2030 says DMV will no longer registered gas card for street use after 2040. But according to aoc and the Democrats we will all be dead in 12 years anyway. Global warming

The next 18 presidential elections will have boomer presidents let that sink in.

>>What happens when the boomers sell all of their property to cash in on the equity?
For the first year it will be profitable, until it brings the whole of US real estate value by over supplying the market.

Thanks again, Boomers.

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Do it again, but with net worth per capita

Thank doctors who make those old fuckers all live to be older than baseball.
Boomers are just wondering which one of their friends is going to drop dead of cancer next. Our social life consists of funerals, where we all stand around awkwardly trying to avoid standing next to the flowers and wishing there was a bar.

Who the fuck buys a stupid boat? The best day in a boat owner's life is the day he sells it. Stand outside in the rain and throw $50 bills in the garbage can. Same effect.

No, the ultimate boomer spend is the 2nd wife. He has himself a widdle bitty midlife crisis, is afraid of dying, is mostly bald already, but there's this dumb chick at work. BAM, next thing you know, mom and the kids and all those years of vacations and holidays and birthday dinners are all shot to hell, all because some dumb 48 year old just HAD to have his own way. Not that my dad did that or anything. The rest of us had to pick up the pieces.

Zoomers are degenerated Animals who will not do anything of value in their lives.

You need an actual product of value being produced, otherwise the wealth is simply being moved around. Oh wait, that's exactly what they wanted.

the U.S. life expectancy would say otherwise. You got another 20 years pal with good genetics

>Better get a huge RV that has to be parked on the street because it doesn't fit in the driveway
Unironically RV sales are one of the best indicators of a coming recession precisely because boomers stop spending first.

stillnessinthestorm.com/2019/08/this-is-the-worse-ive-seen-it-recession-imminent-as-rv-industry-crashes/

Women do that too bro...

The Zoomers will save America.

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Reminder that boomers.love shit like life insurance.
Trump isn't going to crash the economy.
Housing bubble isn't going to crash the economy.
Trade war with China isn't going to crash the economy.

All those $200,000 life insurance policys that are about to become payable will though....

That is way below poverty wage in California you won't even qualify to buy a house with a salery that low.

That last boomers will die in next 32 years, that's 8 presidential elections.

>after spending the inheritance their children would have received and put back into society
If they spent their money, they put it back tinot society.
Shoo Jew.

it will all be inflated away

The surplus of housing will mean you can buy a better home for less.

How does a private life insurance policy crash the economy?

At best, they'll all just be revealed to be elaborate Ponzi schemes.

i know people who work for an RV dealership and can confirm they are struggling with sales starting this year

This is fine as long as the over-80 boomer parent is a decent person and reasonably sane.
At least 50% of them aren't.
The unlucky amongst us, who are slowly losing our will to live trying to take care of dementia/Alheimer's parents being kept alive year after year, beg to differ.
Caring for them is sucking up most of the money, and most of our desire to wake up in the mornings.

after boomers its all spics from there

goods vs. services. econ 101

...yeah, and you can also be laidoff and then hopefully get another job, for less.

The markets move together.

It is currently being extracted from boomers, their children will never see another dime

>Life Insurance
>Medical Industry
>inheritance tax
>Boomers blowing it all on recreational vehicles that lose their value instantly
>expensive vacations across the world

Boomers were the first to grow up with the TV, it’s almost like a friend to them. Jews told them they’d live the dream, and perhaps some of them will, but their children will be absolute slaves... perhaps we already are.

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The article took into account the rising life expectancy somewhere around 135 for boomers. Biden and Bernie are silent generation the last chance for their generation to have a president.

>Trump isn't going to crash the economy.
Trump's fiscal policies are weakening the economy and his global trade wars are bankrupting our farmers and manufacturing.

If you give a 16-25 year old serious money it will likely go towards clearing debts, buying real estate, education, and investments. All of these actions will put more money into his or her hands in the future
Also fuck off to the boomer who is going to reply with something about starbucks or avocado toast

>Where will the wealth go?
To the trickle up economy.

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Oh dear God, please don't tell me I have to live to be 135.
Anything but that :(

Train yourself, get certified, get every bit of education you can. Throw yourself in to your job, become a master at what you do. The labor shakeup is a lagging effect of a recession and it hits the navel-gazers the hardest

You have no clue what's happening in global economics.

China is currently weak and cannot grow enough food for itself, and therefore must import. We are China's biggest customer, and without us, they love most of their revenue.

Where is the offset going to be covered from? Not Europe -- their economy is about to implode.

Trump sees the writing on the wall.

If the pattern holds, here’s what this means for 2020 and beyond: the youngest Boomers will be around 55 years old when the 2020 election comes around. This is right at the exact average age of every President we’ve ever elected (54 years, 11 days). It’s certainly a distinct possibility that the next president will be a Boomer. And likely the next, and even the next, especially more and more Americans are healthier into our older years (think Hillary, Trump, Biden, and Sanders). It’s not inconceivable to think that even the 2040 election could elect a Boomer. The youngest Boomers at that point (think Kamala Harris) will be in their late 70s.

And how has that been working in the last 20 years

>If you give a 16-25 year old serious money it will likely go towards clearing debts, buying real estate, education, and investments.
I agree. Let's have NGO programs that help young Americans tear up their credit cards, slide into a house and start 401ks. If the government runs it, I'm OK with that kind of socialism. If the banks run these programs, they'll turn out predatory like student loans.

>>"Train yourself, get certified, get every bit of education you can. Throw yourself in to your job, become a master at what you do"
>>Typical boomer answer
I fucking rage every time people give this shit advice.

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it's hasn't. beside the point. it is what it is. adapt or die.

people with serious inheritance, from my observations, are just as likely to blow it on dumb boomer consumerist shit as start a business or some other productive project. this speaking of millenials. i would be surprised if zoomers were any different in that sense, only i think they will be more difficult to fool, if only a little

Lie.
>don't write no checks your ass can't cash.
Duh.

Adapt all you want, but death comes for us all under this model.

life expectancy worldwide is skewed by infant/early childhood mortality. medieval people didn’t die at 40.

as long as he doesn’t have diabetes, copd, heart disease, parkinsons, alzheimers, or is obese he has a pretty good chance of living to 100.

death tax -> welfare

true. but I wasted 4 years computer science and finished right before they started importing all these pajeets. no they don't even hire white people. healthcare career looking better everyday, not complaining, I know I can still do whit on my own with the degree. just didn't count on schlomo locking me out before I even started

*still do shit on my own

This. I go out of my way to seek out the products from when these dipshits were in their twenties and the stagflation was catching up to them. Most people sell it off as though it's old junk even though it far exceeds the quality of what you can buy today. Old tools and cookware, especially borosilicate glass, are great, and a lot of old furniture is too.

In regards to the picture, my grandmother is going to leave me her carnival glass when she passes. it's gorgeous stuff and she has been very discerning about her purchases.

Boomers were easily-duped slaves and almost all the investments they made were planned to fail by the scammers that sold them the deal. They HAVE no assets.

Hoarding wealth is not financially responsible. Saving for a purpose is. People do not serve the economy, the economy serves the people. As such, you must actually participate in the economy and not just siphon off of it.

>service-based economy
Oh, you mean neo-serfdom where everybody is an indentured servant to the banks?

No they won't, they're the most brainwashed slavelike generation since the boomers and are entering the workforce right at the start of a recession that will take everything they have been trying to work on. When this happens, they will vote for more socialism and giving more powers to the government.

Residual policies from FDRs days are actually what is killing our farmers and manufacturing. Trump's policies would normally have caused a tiny insignificant dip but that unconstitutional bullshit from the 1930s is still fucking us up.

no one here (rightfully) advocates for increasing the budget deficit but it is a good thing in that it is borrowed against. what’s scary, however, is the bubble that it has created.

i can’t speak for farmers, but the manufacturing sector has withered away to nothing. 2008 was the coup de grace. it is a small fraction of it’s former size.

Assisted living facilities having their butts wiped by Nigerians.

My boomer parents spent all of the inheritance they received from my grandparents. Probably spent at least over 200k and now they don't even have a savings of their own. They think I'm going to take care of them for free even though I'm going to inherit jack shit from them. Fuck that, Shaniqua can take care of them in a shitty nursing home.

Why did you even waste 4 years on that degree? I quit my computer science 1 class on the first day after the teacher introduced the TAs-a bunch of pajeets and one chink, and then he said "this represents the current job market of computer programmers."
That was 20 years ago...

The wasted their money on stupid scams like real estate and stocks, so a lot of their wealth will vanish when this collapses (but it may take a while, kikes are always "patching up" the system).

Thanks for not being retarded.

Kill yourself, idiot.

Unarmed White Babies Lives Matter!

Imagine John, If niggers murder White babies all the time... Which they do and the kike Media "BLACKOUT" of nigger crime. Then what stops niggers from doing absolutely anything else criminal or uncouth?

ALL THE WEALTH MUST GO TO Nigger Cattle!

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>I should live for another 50 years easly
Do you see how delusional these boomers are
He's 60 and is SURE he will live until he is almost 110.

He doesn't understand why us young people are complaining. Because hes so far from his 20's and 30's he cannot remember. To him we have all the time in the world. Because he is selfish, hes enjoyed his youth. We just have to wageslave for 50 years so he can get his pension.

Fucking boomers deserve every misgiving they get