Source: The Hill
by Jonathan Russo
“[W]hile Uncle Sam may be broke, there is one group that is flush with cash and assets: the ‘Baby Boomers,’ those born between 1946 and 1964. Financial analysts differ on the exact amounts the Boomers hold and what they can pass on to their heirs. But a realistic number is $84 trillion, of which some $72 trillion may be ‘passed down.’ Another study of the generational groups puts Boomers’ assets at $77 trillion. The older Silent Generation has $18 trillion, Generation X owns $42 trillion and Millennials possess a paltry $8 trillion. … the Boomers have more net worth than the three subsequent generations combined. To avoid shackling the post-Boomer generations with the onerous task of paying off the national debt, the Boomers’ wealth needs to be on the table.” (05/06/24)
https://thehill.com/opinion/finance/4633773-eat-the-boomers-how-to-repay-americas-national-debt/