AJ Sadauskas
Australian urban planning, public transport, politics, retrocomputing, and tech nerd. Recovering journo. Cat parent. Part-time miserable grump.
This is my new account, I previously posted from @ajsadauskas
Cities for people, not cars! Tech for people, not investors!
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Joined 3 months ago
Cake day: September 23rd, 2024
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@scrubbles Let me correct this one for them:
Millennials — long mocked for being locked out of the housing market and postponing major life decisions due to their financial position — are finally starting to inherit wealth.
Well, as long as they’re middle class.
Many princes and princesses of the top 10% already had parents willing to be guarantors on mortgages, or just outright give precious a trust fund.
And working class millennials are already screwed, and will be for the rest of their lives.
But for 40-something middle-class Millennials, their 70-something Boomer parents kicking the bucket is providing an unexpected financial windfall.