“They shouldn’t be bemoaning their situation, they should be looking at the world and saying, ‘What can I make of it? What can I do better than the folks before me?’”
It’s true that Gen Z is concerned about their financial welfare in 2025, but data suggests that many of their fears will be relatively short-lived.
For example, Gen Zers (people born between 1997 and 2012) say they are having to turn down job opportunities because they can’t afford commuting expenses and have decided to focus on their pets in lieu of having children because kids have become too expensive to raise.
In addition, they’re abandoning their dreams of owning a home soon—unless they believe they’ll receive an inheritance soon.
This cash-strapped present may prove a contrast to their wealthy future, however, with the Great Wealth Transfer estimated to trickle around $84 trillion from the baby boomer and silent generations to their younger relatives.
Indeed, the shift will be so great that millennials are expected to be the wealthiest generation in history in the coming two decades.
Good news. When the old people die, you will all be rich.
AI is going to cure some cancers
In 2023, Dimon, now 69, said that AI will not only allow people to live into their hundreds but will also vastly reduce the working week.
I can’t roll my eyes hard enough. And why would you bring up nuclear war like that?
Jesus christ. These bazinga brained lunatics really think AI is going to solve all the world’s problems. Let me tell you what will really cure cancer: the Chinese
Cuba too
I will never forgive them for literally finding a way to make ARTIFICIAL INTELLIGENCE lame.
You mean there’s a robot that can search the internet and answer super niche questions? Polish up writing? That would be so cool if it wasn’t so…not cool.
If AI allows people to live to 300, when is the wealth going to transfer?
I think by ”their hundreds” he meant ”live to be 100+”, not ”live multiple hundreds of years”, but you never really know with these bazingas, they probably think Futurama brain in a jar tech is just around the corner.
Indeed, the shift will be so great that millennials are expected to be the wealthiest generation in history in the coming two decades.
Lol. Lmao.
When my parents died i received the monumental generational wealth transfer of 2 grand and some furniture
Wealthy in experience. 🫠
Yeah, I’m pretty sure my dad dying ended up costing me a bunch of money. There will be no transfer of wealth for the great majority of us
Yeah we all just have to wait for our rich old uncle Scrooge to die
I work in mental health and early in my career I spent some time working in geriatric end of life care.
There’s all this talk of “oh people are going to finally get inheritance and it’s going to make millennials rich” but there’s an insidious industry that is rarely talked about that will siphon off a ton of that wealth and transfer it to people who are already rich
For families that are fucking loaded it’s not really a concern. Like if you have a family with an estate of 10 million dollars you’re probably okay. But how many americans meet that criteria? I know I don’t. My parents worked like dogs all their lives, had excellent careers, and at the end of an 80+ year life are nowhere near 1/10th of that, with the majority of their wealth being their home.
But if you cannot take care of your parents you will most likely put them in assisted living. When you look at these places you will find some that are funded solely by Medicare but they tend to be very poor. So you look around a bit. You then find ones that take Medicare but also supplement that with extra options paid out of pocket, usually by liquidating the estate. So the house gets sold, or accounts get cleaned out.
If your parents age gracefully and you have the means to take them into your home or move in with them then wonderful, you can avoid this. But if you’re living and working far away from them, living in a small apartment, if they develop complex medical needs like dementia or require hospice (which can last much longer than you’d think), assisted living becomes much more necessary. And these private equity vultures have made a lucrative machine out of it that will take everything your parents earned and transfer it to some asshole, while they grossly underpay CNAs and cut corners everywhere because it is ruthlessly profit driven.
The drug rehab industry is also riddled with this too. Upselling everywhere, preying on people when they are at their absolute lowest, then saddling them with thousands or tens of thousands in bills for things that aren’t covered by insurance. Did you get a massage and acupuncture as recommended by your counselor at the rehab? The counselor was pushed to recommend this because it’s an upsell even though the evidence base for addiction is basically nonexistent. While some high end insurance policies cover it most don’t, and you get a bill for all the services that weren’t covered. You can often fight this but you literally just got out of rehab, you’re on shaky ground, should the place responsible for your recovery be inflicting suffering on you when you’re most likely to relapse?
More and more emergency rooms are also being bought by private equity as well, owning about 1/3rd of emergency departments in the us. It’s a disgusting situation where doctors are being given quotas and maximum times to engage with patients. Ever had a shitty experience in an emergency room? Some doctors are just fucking bad, tbf, but maybe look up to see if that doctor had a wall street scumbag breathing down their neck about maximizing utilization 100% of the time and billing as many services as possible
emergency rooms are also being bought by private equity
please
For profit healthcare should be a wedge issue for pro-capitalism people in a sane world. Instead there’s some convenient requirement like not putting sawdust in insulin that prevents true competition. The failings are actually the leftist interventions every time
they should be looking at the world and saying, ‘What can I make of it? What can I do better than the folks before me?’”
For starters? At the minimum? Disempowering people like you, Jamie, before you and your ilk cause even more harm.
Because that’s the nice option. The not so nice option is drawing and quartering your entire ass.
Motherfuckers made bank off destroying the biosphere and at the end of it go “at least we will leave you enough money to fix it” like the cleanup of this mess won’t require a herculean effort that spans generations of caretakers doing their utmost. Probably necessitating creating a society where money stops being worth anything - oops, the inheritance! - because you can’t produce your way out of this crisis. We could have. Maybe. If we’d started around the time your career in rat fucking got started. Before you accelerated everything even more and made the problem worse before handing it off to the next generations and saying “the good news is your parents will be dead.”
You motherfuckers. You motherfucking pieces of fucking shit.
millennials are expected to be the wealthiest generation in history in the coming two decades.
(not adjusted for inflation)
Hexbear has got you covered.
Well, then lets make that process a little quicker, starting with him
This cash-strapped present may prove a contrast to their wealthy future, however, with the Great Wealth Transfer estimated to trickle around $84 trillion from the baby boomer and silent generations to their younger relatives.
Assuming you have a wealthy parent. Oh, and even if you do, you better not have many siblings because that inheritance gets way smaller when it’s divided by 3+ people. But hey, the average millennial will be getting just shy of a million so what do you have to complain about?
I’m not expecting money from my elders because it feels scummy to wait around for them to die and bless you with money.
But also… an elderly relative of mine has fallen for tens of pig butchering scams, sending money to a lot of “women” overseas after his wife passed and he’s lonely now.
Between that and his nursing home, he won’t have anything to give when he goes!
I’m not expecting money from my elders because it feels scummy to wait around for them to die and bless you with money.
Same, I’m not a vulture. Yeah it’s true boomers got a lucky break in comparison to the rest of us, but I still want my boomer folks to enjoy their good luck.
The fact nuclear war is in that sentence gives me plenty of reasons to be depressed
Society will collapse before I can retire
Hate read? Hate read.
Dimon urges young people to focus on personal growth, hard work, and maintaining well-being.
How are they supposed to do that when you need a rich person’s explicit permission to work first and they’re not hiring. Huh? Where are the opportunities for personal growth? Capital’s ONE JOB was to provide those so I can work and capital failed.
He added that younger people are set to benefit financially from inheritance passed down by boomer and Gen X relatives, known as the Great Wealth Transfer.
Translation: “Worry not poors, us older folks will live life FOR YOU! Just wait patiently for us to die and maybe you’ll have some scraps!”
So trickle down all over again?
These kids, anyone who’s depressed—as long as we don’t have nuclear war—they’re going to have an unbelievable life,” Dimon said in a recent interview with Fox News. “People say the next generation’s in bad shape. Really? They’re going to inherit a country that’s worth two [or] three hundred trillion dollars. They’re probably going to live to 120; AI is going to cure some cancers.
Easy for you to say mr. Candy ass. Tell that to California, how’s being ‘rich’ working out for them? What’s that, snobs like you are dead set in turning that into a massive billionaires only country club, leaving thousands homeless? Yeah, it’s rich FOR YOU!
“They shouldn’t be bemoaning their situation, they should be looking at the world and saying, ‘What can I make of it? What can I do better than the folks before me?’”
We tried and you said “sorry, not hiring! I’m picky!”
TL;DR: The whole article reeks of just-world fallacy and unironically tells zoomers to be patient for the wealth to trickle down from boomers.
How did Boomers get all that wealth? There wasn’t a Great Wealth Transfer that shifted it to them. No, there was a great wealth generation.
Read between the lines; the fact that there is no more wealth generation like two generations ago is bleak. It’s tantamount to saying “the only way you’ll have any wealth is by inheriting it”. And inheritance only goes to a small minority.
You have no right to be depressed! You haven’t tried hard enough to like it!
Haven’t seen enough of this world, yeah
(But it hurts, it hurts, it hurts, it hurts!)
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Oh hey J Demon I was just talking about you
