Here in the west it mostly goes from senior down because some seniors become quite wealthy. If you pay off real estate, have a pension or 2, have 401k, or 403b, do an IRA and have SS, and other savings too...
In my case, I have SS and modest non-fiat currency, and we have a house abroad free and clear. Here we are now renters since I sold off my property to move abroad for 3 years and build.
Here in the west it mostly goes from senior down because some seniors become quite wealthy. If you pay off real estate, have a pension or 2, have 401k, or 403b, do an IRA and have SS, and other savings too...
In my case, I have SS and modest non-fiat currency, and we have a house abroad free and clear. Here we are now renters since I sold off my property to move abroad for 3 years and build.
It sure didn't sound like Walz mom is wealthy but yes, here in the west, the elderly are the wealthy ones.