[Sylvanfan]

A major reason that Boomers have some money is that many of them have come into inheritance. Their parents who's wealth was somewhat influenced by them being able to sell their houses to their kids for big gains and at high interest rates have aged out of the population and were able to return some of that back to the Boomer children.

So a lot of those Boomers likely didn't expect to do this, but came into money they didn't previously have.

Even a poor income earner like myself has a financial plan to get to retirement and live it out based on whatever money I could generate for myself. Even though there likely will be some form of inheritance that lands at some point in the future. If that does, it will be like found money...won't want to spend it foolishly, but probably can be convinced to think that helping my kids get started with a place to live isn't a foolish way to spend it...at least not as foolishly as buying a new Porsche.