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Re:For first time since 1880s, more young Americans live wit... by taurath on Tuesday May 24, 2016 @05:25PM (#11765622)
The wealth is somewhere. I know quite a few millennial friends who will be rich when their parents die, and quite a few who will have nothing.
Re:For first time since 1880s, more young Americans live wit... by ljf on Tuesday May 24, 2016 @06:08PM (#11765927)
Think they will be rich... Wait until the health care and other end of life costs start to add up. Even here in the UK they can be high, if you end up spending time in a 'home' that can quickly eat through savings. So unless there are amazing full life health care and other insurance policies covering these guys then there is ever chance that all that money could go.
Re:For first time since 1880s, more young Americans live wit... by taurath on Tuesday May 24, 2016 @08:56PM (#11766880)
Then the health care business owners will be rich, and then the health care business owners children!
Re:For first time since 1880s, more young Americans live wit... by branchless on Tuesday May 24, 2016 @10:14PM (#11767218)
This. The entire point of the establishment convincing people to hand over large chunks of their labour for fiat currency is because they are giving you peanuts. You can't cash it in! All these houses "worth" $1MM - who is going to buy them? Demographics are shifting as the boomers die off.
Re:For first time since 1880s, more young Americans live wit... by branchless on Tuesday May 24, 2016 @10:13PM (#11767213)
The new american dream: forget working, are your parents in real estate or not?