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submitted 1 year ago* (last edited 1 year ago) by JoMiran@lemmy.ml to c/news@lemmy.ml

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SPOILER: Article assumes that Boomers will die and leave their wealth to Millenials.

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[–] ChocoboRocket@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

Any chance this wealth is a byproduct of inflation?

Both the value of the dollar, and its purchasing power are heavily eroded over time.

Someone making 10k a year is pretty wealthy when a home is $4,000 in the year 1900

Someone making 80K a year is relatively broke when a home costs 600K in the year 2024 (should cost 32k by comparison)

Let alone everything else that skyrockets in price as wages crawl