Yep, not to mention these people who are struggling to take care of their parents are dealing with medical bills and debt slavery of their own. They can forget about owning a home or car. They can forget about having children, as the money is needed to care for the old. They can forget about retiring, as they have no savings. Wages have been stagnant since their parents' careers were at their start.
The banks will be extracting wealth from the fading boomers until their last breaths, leaving their children with no inheritances and a large debt of their own.
The banks will be extracting wealth from the fading boomers until their last breaths, leaving their children with no inheritances and a large debt of their own.