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Millennials outnumber baby boomers for first time: Statistics Canada
(www.winnipegfreepress.com)
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Proportionally ... not economically .... those old people are going to hang on to every penny until their last breath
Yes and no, they will help their own children indenture themselves to the housing market.
No, they'll spend all their money on end of life care. Nursing and retirement homes have skyrocketed in price just like everything else. Their money is going back up the chain to the billionaires, not to our inheritance.