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givesomefucks@lemmy.world ⁨9⁩ ⁨months⁩ ago

They’re not really “holding onto the money”.

It’s more “they’re holding onto jobs” and refusing to retire, because they never saved for retirement

They have “wealth” because by now a lot of them have paid off cheap mortgages and their home value has skyrocketed.

But they can’t sell and buy a cheaper house because there’s no cheap houses. And if they rent it’s 2x-3x what their mortgage uses to be.

Most Boomers are still a paycheck or two away from losing everything, the difference is it’s their own fault from decades of poor financial decisions and voting habits

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