The False Promise of Boomers' Bounty As the youngest boomers enter their sixties, a widespread assumption has been made about the impending Great Wealth Transfer – that an enormous amount of money will pass down from this generation to millennials.
However, recent discussions on Reddit suggest that this promise may be overstated and that some unexpected beneficiaries might actually reap the rewards.
The idea that wealthy boomers have paid off houses, pensions, and retirement accounts is not a universal truth.