Quote:
Originally Posted by Enoch Root
That is already factored into wealth calculations - sure, there is a lot of debt out there, and a lot of people whose debt eats up or dwarfs their savings. However, there is still an incredible amount of wealth stored up by boomers.
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Just look at property alone. The average Canadian today inherits about $110K. I don't think it's coincidental that that's around the value of the average home divided by the size of the average family 50 years ago.