The baby boomer generation, having experienced significant financial success, now faces mounting debts that will ultimately be inherited by younger generations. This includes student loans, credit card debt, and mortgages, which burden millennials and Gen Z. As the boomers retire and navigate their financial legacies, the economic strain shifts to the young, who often grapple with stagnant wages and rising living costs. This intergenerational debt transfer raises concerns about financial stability and opportunities for younger individuals, potentially limiting their ability to invest in homes, education, and savings, thus perpetuating a cycle of economic challenges.
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