Boomer checking in. I totally blame my generation. We spent our whole lives sucking the long term value out of everything we could, for our short term gain. Leaving your generations with massive debt and nothing to show for it. You’re welcome.

Yea, I hate generation wars, but it seems to be increasingly true that most of the economic value created in the last, say, 50 years, was currently either 1. captured by a few extremely wealthy individuals, or 2. locked up in the retirement accounts and real estate of people over 60 years old.

I feel like we (the younger generations) are all sitting here holding our breath in this stasis, waiting for that generation to die, and hoping those portfolios somehow get magically spread across the population. I don't know what mechanism is available to do that spread, but if it doesn't happen, where will all that locked up wealth go?

I'm sure a lot of it is already spent in the form of reverse-mortgages on homes.