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That half of the nations wealth held by boomers is not evenly spread across boomers.
Many boomers are not wealthy at all.
A few are extremely wealthy.
Fiat debt leveraged neoliberal economics has resulted in a huge increase in wealth inequality, including among the boomers.
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If they hold over half the wealth in the entire country, how come only 20 percent of them expect to have anything left over to leave as inheritance?
I don't think I've seen too many boomers buying a yacht only to spite their kids.
I'd be interested to hear if there is evidence of real over-spending, or if there's significantly less left after the welfare arm of the state and their protected industries have had their fill.