[indymike]

> And the middle class in the US already thinks they are struggling

Middle class financial issues in the US are age related. College debt, cost of raising children, buying a home combined with low entry wages put young people in a hole it takes 10-30 years to crawl out of. But when they do they quickly accumulate wealth. There are also a lot of people who choose to not save. That is a choice you don't have to make.

[shafoshaf]

Not to mention that A LOT of millenials are about to inherit a ton of money from the Baby Boomers. The Boomers are just lasting longer because of advances in health care, all of whom are on Medicare which is government funded health insurance. In fact, about 40% of Americans on are federal healthcare between Medicare and Medicaid.

[indymike]

I think GenX will mostly be the beneficiary of the inheritance boom.

[plantwallshoe]

How much of that wealth is tied up in home equity? Unless people want to move into their dead parents houses you have millions of millennials trying to sell their dead parents houses to each other, but no one can afford to buy them, and the values drop.

Either that or private equity firms buying all the nursing homes siphon off the wealth transfer as the boomers wither away.

[indymike]

> How much of that wealth is tied up in home equity?

Home equity is often the first real wealth American families accrue.

Most of the time, by the time a parent dies, the children all have homes already.

> private equity firms buying all the nursing homes siphon off the wealth transfer as the boomers wither away

The defense for this are living wills and trusts that transfer wealth from the elder and shift the burden to public insurance (Medicare). Most of the senior care world is grifting off of government money.