Oddbean new post about login | logout BOOMERS ARE WEALTHY It’s Official… Baby Boomers are the wealthiest generation 🤑 Sorry millennials 😭😭 Looks like we will have to wipe away our tears at Costa coffee ☕ For years I blamed previous generations for MY lack of wealth I kept kicking myself 🦵 “Why didn’t I buy property in 1994, instead of playing Nintendo!” But I do not think I can blame my parents for this. They were just fortunate to be born into this system 🧬 The fact is since the UK came off the gold standard Our parent’s assets have increased due to inflation. Millennials you may not be able to buy property Gold may be a bit pricy as well… But the scarcity of bitcoin makes it an interesting alternative Since dipping my toe into the BTC world 🌍 I have had my mind bent several times 😵 Bitcoin can be the answer to you no longer surviving But thriving!💹 #BTC #Bitcoin #Crypto #BitcoinCommunity #HODL #BitcoinNews #BitcoinAdoption https://m.primal.net/LluG.jpg
It is worth noting that there is considerable inequality between people within different generational cohorts. I remember seeing something about the inequality being wider among millenials than among boomers. Suggests that the modes of wealth creation/preservation have evolved to favour certain smaller subsections of younger generations.
There is a huge wealth inequality. The rich get richer, the poor get poorer. The thing is every generation has their "Thing". Wither it's property, stocks, bonds, Bitcoin its important for people to look at the landscape, educate themselves and try to hold on to what they have worked for.
I agree every generation has their thing. Bommers had real estate as their main mode of wealth generation/preservation but cost of entry now restricts acess to that for a large portion but not all of younger generations. Bitcoin has no such cost of entry, one of many reasons why is should win out over property in the long term.
