A small minority would have more. The rest would likely have a camper parked in their yard that’s been used twice, a boat that hasn’t run in years, four snowmobiles on a trailer stashed under their deck and an Ice Castle that has never been on the ice but their brother in law lives in.
My brother-in-law pays rent; and I make him mow grass in the summer and shovel snow now......worthless bastard....... 50 years ago I had a discussion with my father about how I would be so much better off if I had kept that .0765 % (FICA deduction of my check) and invested it.......he got pissed at me for having that attitude. Now I'm rowing that boat.
Glad you got the investment property.
A good number of our employees are seasonal and it is amazing to me how little financial responsibility/knowledge they have or at least how little they put into practice. When they’re working 60 hours in the summer, I see lots of new trucks in the parking lot and hear about new toys that have been purchased. Then every February we have numerous employees come in asking to do odds and ends jobs, etc. because their unemployment income isn’t covering their commitments. We’ve gone so far as to have budgeting/financial planning seminars for employees. Problem is most don’t attend and the ones that do are the ones that are already responsible.
Boomers aren’t funding this country anymore than any other generation. Every generation plays their role and their roles change at different stages of life. I am going to fight tooth and nail to avoid becoming a grumpy curmudgeon fearful of any changes brought by the younger generations.