There is a higher percentage of working age people living in poverty than elderly people, yet every year more money is shifted from the working class to the retirement class.
My father is 65, made over a million from selling the house he bought for 250,000, still collects my mother's survivor benefits totaling half of her government pension (she died 20 years ago), gets a pension from magna, and next year the government is going to give him an extra 2 grand a month.
I don't think any more of my taxes should go to him, don't you agree?
Exceptions. WTF Most boomers are not wealthy, but according to Reddit they’re all drinking gold flaked champagne. Are your parents rich or grandparents? Here’s a secret most prople you meet are not wealthy.
You believe wealth exists only in a binary states of either gold flaked champagne or homeless destitution? Or perhaps you are being facetious? Regardless, the simple truth remains that your average boomer is much better off than your average millenial, or zoomer.
Citation needed. Because I see older folks going through my recycling for empties every Wednesday. And I see tired exhausted old folks on the bus every day. Not saying rich boomers aren't a thing, of course. But their elder millenial kids tend to be well off too by now. In the grand scheme of things, it's a class thing, not an age thing. Always has been.
Okay, how about statcan.gc.ca which in 2019 reported:
"Canadian millennials had higher incomes and assets than young Gen-Xers at the same age. However, they were also more leveraged, as their debt to after-tax income levels surpassed 200%."