I think we are entering a wierd era where a huge population (baby boomers) are returing with incredible passive wealth compared to any other working class era in history.
replyThis is... a mass elite or more of one that may have ever existed before including the small merchant class of the late 1800s
Baby boomers are aged between 66 and 80, so most of them have already retired. We are not entering the era, we are in it.
replyAnd though some are quite wealthy, the average Boomer net worth of about $1.6MM is concentrated in the wealthy top few, like any other demographic. The median Boomer has a net worth of $300-$400K, the largest fraction of which is probably their house (so not income-producing), and that isn't really a lot to live off of in 2026.
replyWhile the house isn't producing, it is expense reducing, and that works out to be the same thing. Assuming that the house is paid for, of course, if your net worth is really only $300K, odds are you don't have the house paid for either: social Security is the bulk of your income, which, it's enough to live on, but it isn't a life of luxury.
reply>so not income-producing
replyDepends on what you consider a reverse mortgage/equity loan they plan to die before paying.
Very true. And the way things are going, just in the English-speaking countries, United States, Canada, Great Britain, Ireland, Australia, and New Zealand, those between 18 and 40 are having more trouble buying that house or condo.
replyThose luxury apartments are going up everywhere, at least in the United States. $2200 a month with amenities for a one bedroom studio.
> The median Boomer has a net worth of $300-$400K, the largest fraction of which is probably their house (so not income-producing)
replyWhat? Do you not live in your house?
On other social media platforms, the boomers are aged 28 to 107. And I'm not exaggerating, you can check for yourself. The muddying of definitions is the root of all evil.
replyThe age range of baby boomers is not seriously in question no matter what some internet random on social may say. At most it's a little fuzzy around the edges, but Wikipedia's range of 1946 and 1964 seems on the mark.
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