How Inflation Is Crushing Our Kids, In 5 Charts - (but DaKids ain't interested in understanding this...because we never prepared them for REALITY! - CL)

 An important line was recently crossed, when the wealth of America’s 1% surpassed that of its entire middle class:

Now notice the timing. The blow-off part of the run came just as baby boomers (born between 1946 and 1961) were entering their big saving/investing years in the 1980s and 90s. They were able to spend 20 or so years buying stocks which then took off on a historic run.

In contrast, when the millennials (born 1981 to 1996) entered their saving and investing years in the 2000s, they were too late to the party to accumulate real financial wealth.

The result was, in effect, a wealth transfer between the people who owned rapidly inflating stocks at the beginning of the run and the vast majority of people who didn’t own stocks but had to pay for an ever-rising cost of living. Boomers (and to a lesser extent Gen X) got richer while their kids and grandkids stagnated.

https://rubino.substack.com/p/from-the-archives-how-inflation-is?publication_id=1166121&utm_campaign=email-post-title&r=y7h5a&utm_medium=email 

The problem for all concerned is that inflationary booms don’t end with a whimper in which some assets are shuffled around and everyone settles into a comfy new normal. If history is a reliable guide, millennials and Gen-Z might finally get their hands on that boomer wealth — just as it evaporates in an epic bust. That is, unless Grandma and Grandpa were gold bugs.