Well see, you bring up another good point when you talk about people keeling over. The boomers’ parents are the ones with the real equity and they’re the ones who are going to be moving on and passing along that wealth onto the Boomers. Based on what I’ve read that will be the biggest wealth transfer ever.
Based on my generation’s performance so far I really have to ask: Will we spend it maintaining our lavish lifestyles or will we finally grow up and treat that windfall as a responsibility? ‘Cause either way that wealth transfer is going to affect the rest of the economy.
