Quote:
Originally Posted by PaperBagger'14
If any baby boomers are sitting on a pile of cash and about to croak, I'm setting up a gofundme. It's called the stuff for PaperBagger'14 fund.
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I wouldn't worry too much about it, Over the next 5 years as the average boomer leaves the labour force and switches from a growing savings account to a shrinking savings account, inflation will pickup quickly.
It will burn Boomers savings faster than expect, and National banks will likely raise interest rates in response to shrinking savings accounts and a strong consumer economy, raising the burden on debt ridden Millennials.
By the time Boomers run out of money, they will not have to means to produce an income once again burdening the younger generations.
Not really relevant to the Amazon thread other than to say I predict Amazon will do very well over the next 20 years, as Boomers continue spend, dumping the debt burden on future generations.