Boomers are the wealthiest generation ever. And they're funneling trillions to their adult children for down payments, school tuition, even monthly allowances. The Great Wealth Transfer is upon us. This episode was produced by Victoria Chamberlin and Devan Schwartz, edited by Jolie Myers, fact-checked by Laura Bullard, engineered by Patrick Boyd, and hosted by Noel King. Transcript at vox.com/today-explained-podcast Support Today, Explained by becoming a Vox Member today: http://www.vox.com/members Image of candy hearts by Erica Thostesen/Shutterstock. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Full Episode
We talk about it in whispers.
A house.
We inquire about it gently. How can you afford this neighborhood or that school?
My dad used to pay off my credit card every month up until recently. My parents did take my rent.
We are living through the Great Wealth Transfer. Her friends call her getting money from your parents.
Trillions of dollars are flowing from baby boomers to their adult kids and upending American norms and housing prices. Ahead on Today Explained.
Support for the show comes from Yonder. There's a certain time and place for you to be checking your phone, and the classroom probably isn't one of them. Shouldn't school classrooms have, at the very least, the level of focus a stand-up comedian would demand of their audience? Yonder says they are committed to fostering phone-free schools. Learn more at overyonder.com.
That's O-V-E-R-Y-O-N-D-R dot com. Overyonder.com without the E in yonder.
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