whoatherebigfella
1281
21
16
https://fortune.com/2025/03/28/millennials-richest-generation-on-record-great-wealth-transfer-from-baby-boomers/
Mar 29, 2025 3:14 PM
whoatherebigfella
1281
21
16
https://fortune.com/2025/03/28/millennials-richest-generation-on-record-great-wealth-transfer-from-baby-boomers/
TiredBanana
"Millennials getting to age where 0,5 percent of them are about to become "self made" rich from generational wealth."
Fixed it for ya.
Awmph
wake me when this prophecy is fulfilled
smax410
Yeah, nah… I’m a FA. I work with only people in the top 3% of wealth in the USA. That bar only represents several hundred thousand dollars. So even if all my clients die and the money goes to their kids, and let’s assume the average client has three children, those kids usually dont have enough to continue working with me if all they are relying on is their parents wealth. This article is BS.
NChomsky
Misleading. 1. The bulk of this transfer will likely benefit millennials from ALREADY affluent families. 2. They forgot to mention unprecedented student debt, high housing costs, and wage stagnation relative to previous generations at the same age. 3. The sheer size of that gen means this wealth will be spread thinner per capita. TL;DR: SOME millennials will become wealthy, but the transfer will exacerbate intra-generational inequality rather than making the entire gen "the richest on record".
Hekatombe
Meritocracy strikes again!
DonkeyGoat
I somehow doubt that. Their inheritances were probably all given to Trump, Inc
DonL9
I hope the old fucks find themselves forgotten in nursing homes while the kids are enjoying their money or finding good causes for it.
CormacTheCat
But only if your family is already wealthy. If you're poor, you get to stay poor.
lastmanonearthbutidroppedmyglasses
Yeah, that money is all getting transferred to healthcare CEOs.
c3l3x
I hate this bullshit content. Let's say that Gen X and Gen Z are around 142 million Americans. This would suggest that we're all going to get around $600k. The reality is that most all of that will go to wealthy families. Normal people like me have to *pay* to support their parents likely won't get enough inheritance (if any) to cover what they pay to support their parents in old age. This is why we need a inheritance taxes that target the rich. They need to pay their fair share.
JayDeeDubs
A lot of American millennials are going to see their boomer parents' finances drained off by the healthcare industry on their way out the door, unfortunately
smorsdoeuvres
Awmph
The American Way™
glovelyday
*some Millenials
GreyKnightTemplar666
Like, maybe a dozen millennials.
[deleted]
[deleted]
whoatherebigfella
You’ll get your windfall from the millennials.
relsky
My parents died 13 and 8 years ago. No wealth transfers are coming my way...
woozle
IgnisInvictus
Agreed.
colderfish
Um.... I didn't see that in my checking account... Dammit.
OregonComputerGuy
My bank account still has a negative balance, how does this help me?
Mrpipboy3000
Uhhh ..Boostarps? Something about a better job? What empty platitude would you like in this moment that makes you feel as shitty as possible because it shifts the focus from how shitty the state of society is to how you haven't managed to get lucky and find a survival path and then blames you for it?
OregonComputerGuy
Kinda hard to pull on broken bootstraps
Mrpipboy3000
You are correct ... thats kinda the whole juxtaposition about the comment. The idea of telling someone to "pull them up by their own boostraps" is flawed. Its telling someone to do the impossible while blaming them for the failures of society by making them feel like THEY are not doing enough.
OregonComputerGuy
I was aware of your intent, just commented to assist my own sanity, it really sucks to be a person who is homeless who is attempting to assist others who are homeless. I know why I am, but I am ok, well I am running very low on water, but am collecting rain, but there are mentally challenged people who make up the majority of homeless you see in town who have no resources available to them, most seem to lack basic knowledge of self care, funding stopped for them in wherever they are from
Chereazi
To concentrate into the hands of a few. So, the average millennial will have a buncha money, while the median millennial is likely fucked.
Cinammontoastcrunch
*one person gets 10,000, 9 get nothing*
"The average person got 1000, any are you complaining!"
Stoneagedudeman
Look, at this point im waiting on my dads side to start dying off, see what they leave me. The american dream, everyone
Redyls
fortune is full of shit and propaganda. take anything they have to say with a pinch of salt and a full sewage truck. millennials are atill broke and the death of their parents "transferring" their wealth. isnt going to happen. boomers are not even fully in retirement and they will live another few decades. by then all that wealth will be leached out of them by the system.
UserNamesArentEasy
FYI, there are bills and such going into effect that are going to greatly diminish that transfer of wealth. Either uncle Sam is going to take it or you're going to get fucked one way or another. Have your parents setup trusts and such to help better transfer it. You basically have to do the shit rich people do.
largomatic
Nah. I’m one of those. I am poor. In fact https://media3.giphy.com/media/ipFDNZ8hZOBBMO6X7g/giphy.gif?cid=6c09b952mlvehov8tzmhvclqtrqdx2e1yyha7nqdgkopon1b&ep=v1_gifs_search&rid=giphy.gif&ct=g
ToSisPoS
McLeans Magazine made this out to be a bunch of entitled teenagers waiting for Op Pop to snuff it.
yamamasyamaha
Read: fraction of a % of millennials are going to receive trillions from their parents while the vast majority of millennials continue struggling to get by
DesolateMirror
you guys are getting wealth transfer??
dohcohv
The 0.1% are
rdswords
woozle
I got mine right after I got my antifa check.
NChomsky
Couple hundred thousand more antifas and we wouldn't be losing social security to these bastard pig parasites. Imho it's gone by end of term, privatized and gift wrapped to the big Wall street casino.
woozle
NChomsky
Gramtifa, ROLL OUT!