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2 days agoYes, each generation dies off and passes its wealth to the next. But the boomers are an unusual case because they hold a lot more wealth relative to their size. Boomers and millennials each account for about 20% of the US population. But boomers hold 50% of the wealth in America, while millennials only hold 8%. The wealth transfer as the boomer generation dies off is going to be massive. And most of that Boomer wealth is tied up in real estate, which will have a big impact on the housing market when it becomes available.
https://www.statista.com/statistics/296974/us-population-share-by-generation/
(Gen X is somewhere in the middle and I’m skipping over them, as is tradition. They wouldn’t want it any other way.)
Edit: meant Gen X, not Gen Z.
You mean items that should be generic commodities, but which companies customize in order to lock you into their ecosystem, or otherwise restrict what you can do? Like printer ink cartridges or Keurig pods with ID chips, as you mentioned.
DVD region codes
Camera lenses back in the manual SLR days. I don’t think there’s any reason old manual-focus Nikon/Olympus/Pentax/etc. lenses needed to be brand-exclusive. The companies could have all used the same bayonet mount and all lenses would be interchangeable.