Those who say ‘not all boomers’ are correct too. Like everything else, wealth is networked, concentrated in a…

Those who say ‘not all boomers’ are correct too. Like everything else, wealth is networked, concentrated in a small number of hubs. Many boomers in fact have been hopeless savers, and will have difficult retirements. 1/3 https://t.co/ReBWOBvQZc https://t.co/DfiBFbQIDb

And many millennials or others who inherit wealth from boomers will spend most of it in health and aged care, for them. Societies are fractal, the same patterns repeat locally, regionally, nationally and internationally, and within generations. 2/3 https://t.co/LcwcAoaJBN

Which doesn’t change the fact that Western societies like Oz concentrate their wealth very heavily in the old. Even outside those hubs, the amount of super pitched as needed in retirement for all people is way beyond any historical precedent. 3/3