this post was submitted on 26 Aug 2025
320 points (98.5% liked)

News

36063 readers
2934 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Whats_your_reasoning@lemmy.world 6 points 6 months ago* (last edited 6 months ago) (2 children)

They didn't even read their own links. From the Wikipedia page they linked (emphasis mine) :

Inheritance has become more common among households, with 60% of surveyed households in 2022 having received, expecting to receive, or planning to leave inheritances. Wealthy individuals make up 1.5% of all households but constitute 42% of the expected transfers through 2045, approximately $35.8 trillion. The wealthiest 10% of households will give and receive the vast majority of the wealth, with the top 1% holding about as much wealth as the bottom 90%

First off, the background is based on surveys, not hard data of any type. Expecting an inheritance doesn't mean being guaranteed to receive one. Where's the actual data? Second, it's painfully clear that this "great wealth transfer" is going to miss the vast majority of us. How OP could've read this and interpreted it to mean that Gen Y/Millennials are somehow, as a cohort, supposed to become super wealthy? I have no idea.

Then their CNN link, from its very first paragraph (again, emphasis mine) :

However, over the next twenty years, Millennials are poised to inherit some $90 trillion of assets and become the richest generation in history – but only the ones who already come from affluent families, potentially deepening wealth inequality further.

It's just rich people doing rich people things. This inter-generational phrasing is propaganda to distract us from the real opposition, the ultra wealthy, who are holding all of us down regardless of our age.

There is no war but class war.

[–] mrspaz@lemmy.world 2 points 6 months ago (1 children)

I'm sure they did read the content in the links. The point they are making is exactly your final line. There's this refrain of "Boomers are ruining everything!" but the reality is it's a small number of people with a lot of money using that money to do what they please at everyone else's expense.

When the last "boomer" dies, the problem will remain. If we collectively fail to address it, then it's just going to change up to "Dang GenYs ruining everything!"

[–] CharlesDarwin@lemmy.world 1 points 6 months ago* (last edited 6 months ago)

Yes, THIS. Thank you.

It remains to be seen if Gen Y is going to reverse a decades-long trend of increasing wealth inequality. What magical properties are there within a set of people born between two arbitrarily-set years? When Gen Y becomes the wealthiest generation in history, are they going to be any different?

I have heard boomers making the very same kinds of remarks about their parents/grandparents being selfish, not thinking about the future, "working for The Man", etc. And yet, now "boomer" is shorthand NOT for the 60s generation that worked to make things better via activism, but now, instead, it's shorthand for something much, much different. And now I hear echoes in Gen Y when they talk about the boomers. Just sayin' - seems I've heard this song before...

[–] CharlesDarwin@lemmy.world 1 points 6 months ago

I did indeed read both links. You seem to be missing the point.