Generational wealth inherited by children and grandchildren of Boomers that consists of entirely useless items such as vintage speakers, 8 foot long dinning tables, dusty cocktail glasses and brass pottery.
Instead of investing money into an index fund, many Boomers wasted money buying items they deemed valuable (but not valuable enough to sell) and passed those items through Boomerational wealth to their descendants.
by RieuxRising January 27, 2021