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    Mark Pesce (mpesce@arvr.social)'s status on Tuesday, 19-Nov-2024 07:14:11 JST Mark Pesce Mark Pesce

    "Australia is not as far down that road of income or wealth inequality, but we are on it, where the bank of mum and dad and the lottery of inheritance become the overwhelming determinants of financial security...The choice between disruptive radical change and incremental reform depends largely on how soon the latter starts, if it gets off the ground at all."

    https://www.abc.net.au/news/2024-11-19/boomers-keep-on-booming-young-borrowers-renters-pay-price/104614666

    In conversation about 8 months ago from arvr.social permalink

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    1. Domain not in remote thumbnail source whitelist: live-production.wcms.abc-cdn.net.au
      Boomers keep booming while young borrowers and renters pick up the tab
      from https://www.abc.net.au/news/michael-janda/166854
      Like a good wine, the boomers are getting richer with age. But it's coming at the expense of young people, and one day they might just pull the cork out.

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