It took much less time to accumulate assets for Boomers, and much less debt: it takes 20 years to save up for 25 years of retirement versus 40 years for someone born after the 1940s.
This is to not to mention the fact that Boomers did not have to live through two of the economic downturns of 2008 and the pandemic as of now, meaning their portfolios in real estate and stocks are much stronger.
P.S. If you love the discussions and notes, please join our community! https://www.weclikd-beta.com