We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Why Baby Boomers are richer than Gen X...
Comments
-
It remains the case that Baby Boomers are richer because they have compound interest on their side.
It has nothing to do with iPhones, it's just maths.
Indeed.
There would be something very badly wrong if the older groups in society had not managed to amass more wealth than the younger groups, given the extra few decades they've had to do it.
But unless we manage to abolish this little thing called "death", then 100% of that wealth will eventually be transferred to the younger generations.
If the wealth gap between the oldest and youngest has increased, it's probably got as much to do with the increase in life expectancy as anything else.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
No that just sums up the boomers you know (probably your parents judging by the chip on your shoulder).
You don't get it do you I can't speak for other boomers but I realised a long time ago that money doesn't by happiness and you don't need all the latest gadgets to be happy.
You obviously need enough to live on but that is a lot less than some people on here would have you believe.
Hadn't you realised that boomers are a collective a bit like the Borg.0 -
It's alright rugged when we peg it you hard done by Xers will get your hands on our money.
My father (a boomer, born late 50s) asked me what was the best way to help mitigiate his and my mum's inheritance tax bill - I think he was expecting a slightly more interesting response than "give me and my brother some money!"0 -
The yoof have no clue and need some hard Graft put on them0
-
ruggedtoast wrote: »These days, it seems like there is no escape from boomers.
If you made this remark about any other group in society - i.e. Muslims, Jews, Afro-Caribeans, Asians - whoever - you would likely be banned from MSE or at least very heavily criticised.
Remarks like this are simply crass.
It is a testament to the remarkable forbearance, patience and good grace of many of the contributors to threads like these that you are not.
I think most of us are simply putting your comments down to that enormous chip you carry on your shoulder.
You demean yourself with these silly, childish, petulant, toddler tantrums.0 -
ruggedtoast wrote: »Money money money. Just sums up the boomer attitude.
Now you are simply being disingenious.
You cannot show contempt with what you perceive as a "Boomer obsession with money" whilst at the same time complaining that it is because Boomers have all the money that you have none.
If you genuinely felt contempt for money then you wouldn't be so bitter, twisted and eaten up with jealousy. You would be content.
The solution to all this lies in your own hands.
Work, work, work, save, save, save and then work and save some more.
Unless you were either born with a silver spoon in your mouth, inherit a trust fund, win the lottery - there is really no other way to accumulate wealth and assets.
Moaning and whinging will get you nowhere.
Of course some boomers have more wealth than some generation X'ers. They've been around longer and have had more time to accumulate money.
It's not rocket science.0 -
There is a lot of bitterness in this thread - lemons any one?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.4K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.4K Work, Benefits & Business
- 597.9K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards