Unless you’re a boomer, as they own most of the economy through their different investments and other holdings. That’s who capitalism is working for. Average American owns jack shit, billionaires all together own abour 10 trillion, baby boomers all together own over 80 trillion. That’s why they’re not just part of the problem, they’re the main course.
On average, they’re millionaires. That’s why they’re doing their best to pull the ladder up after themselves. Majority of them benefit when you’re paid less.
I don’t know who needs to hear this, but your tiny ETF portfolio does not make you an investor either.
Why not?
Unless you’re a boomer, as they own most of the economy through their different investments and other holdings. That’s who capitalism is working for. Average American owns jack shit, billionaires all together own abour 10 trillion, baby boomers all together own over 80 trillion. That’s why they’re not just part of the problem, they’re the main course.
There are poor boomers as well. This is not about age, but about wealth
On average, they’re millionaires. That’s why they’re doing their best to pull the ladder up after themselves. Majority of them benefit when you’re paid less.
On average, yes, but that’s distorted by the wealthy having a lot of money.
The median boomer has less than $400k, and most of that is in their home.
https://www.fidelity.com/learning-center/smart-money/average-net-worth-by-age