According to the central bank, those born between 1981 and 1996, better known as Millennials, control only 4.6% of the wealth in the country even though they make up the majority of the workforce, with around 72 million people.
While it is not unusual for younger people to accumulate
That inheritance money that people keep mentioning is going straight to exploitative elder care, I promise. We will hardly see a dime. Source: My dad is older than the boomers and was a white collar worker. I’ve seen the receipts.
Not only that, the boomers are just starting to go into those systems, so it’s pretty obvious that there are opportunists within the industry salivating for this impending cash cow. Once the boomers enter the system in larger numbers, costs across the board are going to skyrocket as well (rapid expansion costs money, baby) with cascading and anti human effects that ripple across other parts of life just like all of the other venture capital unregulated bullshit (something something stonks in elder care to the moon). Venture capital will factory farm your parents for every penny they have left.
The main point of my comment was everything that came after, not the joke at the beginning.