News for hackers. Stuff that matters.

A comment on For first time since 1880s, more young Americans live with parents than partner. Parent comment

Re:For first time since 1880s, more young Americans live wit... by UncleOxidant on Tuesday May 24, 2016 @07:48PM (#11766563)
It is a generational wealth transfer. But when boomers die, they're generally leaving that wealth to millenials, aren't they? Except that the boomers also have a lot of debt.
[ Parent | on HN ]
Re:For first time since 1880s, more young Americans live wit... by runT1ME on Tuesday May 24, 2016 @08:40PM (#11766801)
It is not generational wealth transfer, it is wealth transfer from the poor/middle class to the rich.

It just so happens a lot of the 'rich' are boomers and not rich are millennials, but that's current happenstance.

[ Parent | on HN ]
Re:For first time since 1880s, more young Americans live wit... by carsongross on Tuesday May 24, 2016 @08:04PM (#11766646)
That would depend very much on how the wealth is consumed I would guess. If it is used to finance vacations to Mexico and throw away imported consumer goods, that wealth will be lost. If it was used to build nice cities and finance great art, it would be preserved.
[ Parent | on HN ]
Re:For first time since 1880s, more young Americans live wit... by UncleOxidant on Wednesday May 25, 2016 @01:11PM (#11771358)
Unfortunately, it doesn't look like it was used to build nice cities and finance great art.
[ Parent | on HN ]