At the same stage iife, Gen X is wealthier than Boomers were. And Millenials are wealthier than Gen X. Yes, inlfation adjusted
Posted on August 31, 2026 at 10:58:09 AM by Alpo
Of course the Boomers have more wealth - they've had far more time to accumulate and compound it. As those assets transfer to Gen X and Gen X assets grow, eventually people will be complaining about us.
The debt/defciti is a different thing but I only blame Boomers to t he extent they were the largest voting bloc and refused to ever vote for either lower spending or tax increases to get it under control. Its not rally their fault that they paid so little I to SSI and Medicare relateive to the benefits they now take out - that was the system. (And entitlement spending + higher interest is what is really driving the deficit now.)
Back to the board
Thread:
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Runaway National debt is the boomer legacy to this country....
- By Pal
August 31, 2026 at 10:04:14 AM
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At the same stage iife, Gen X is wealthier than Boomers were. And Millenials are wealthier than Gen X. Yes, inlfation adjusted
- By Alpo
August 31, 2026 at 10:58:09 AM
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unbridles selfishness which undid much of the socio-economic progress made by their parents, actively denying their grandchildren the opportunities they were gifted*
- By Dunder
August 31, 2026 at 10:41:26 AM
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The debt was out of control in the 80s and had been building for a while. That 'ruling class' at that time was born in
- By Rich
August 31, 2026 at 10:34:15 AM
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As a percentage of GDP, there are events that goosed debt/GDP. Kemp/Roth tax cuts of 1981, the financial crises of 2007-2009, and COVID
- By mgaelster
August 31, 2026 at 10:33:30 AM
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