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    well, you can't take it with you. but ... how much will t…

    26-Nov-2019 · original

    well, you can't take it with you. but ... how much will the boomers drain the tank? i.e.: will this represent a massive windfall for corporations or the purported massive xfer of generational wealth?

    Fraction of all US wealth owned by Boomers & Gen-Xers when the average member of each was age 35:

    Boomers, 1989 21%
    GenX, 2008 8%

    The average Millennial turns 35 in 2023. Right now they own 3%.

    There will surely be political implications.
    federalreserve.gov/releases/z1/da…
    — @KBAndersen
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