Monday, December 27, 2010

Way To Put Society At Each Others' Throats, ABC

Divide and conquer. It seems the manipulators decided to blame the depression on oldsters.

Baby Boomers to Inherit Trillions
The Children Born to the Greatest Generation Will Be in the Money, Says MetLife

"A very nice amount. We were pleased. It reduces my anxiety about retirement." Brian is talking about the inheritance he received 12 years ago. "It's why I have a boat. It's why I drive a Lexus and can afford to belong to a private club."
Brian, 62, who asked that his last name not be used, actually inherited twice — first from his grandfather, then again later from his parents. He calls getting $900,000 "a pleasant sensation."
It's a sensation most baby boomers — adults aged 46 to 64 — can expect to enjoy, according to a new study just released. "Inheritance and Wealth Transfer to baby boomers," commissioned by MetLife from Boston College's Center for Retirement Research, says that two-out-of-three boomers should get something, with $64,000 being the median amount. The study anticipates an inter-generational transfer of wealth totaling $11.6 trillion, including some $2.4 trillion that has already been gifted.
Who'll get what? The study predicts distribution will be "highly unequal."


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