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Boomers think their wealth came from wise choices – this myth needs busting

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If Reeves swipes some of the huge gains amassed from property and pensions, the lucky generation cannot argue – but will

The most infamous example of middle-income baby boomers seeking retribution for the loss of their accumulated wealth occurred in Germany in 2009, when a retired builder and his pensioner accomplice took their financial adviser hostage after more than £2m of stock market investments had crashed.

In the UK. the chancellor, Rachel Reeves, is unlikely to face the same prospect if she swipes some of the gains baby boomer’s have amassed from property and pensions in her November budget, but those affected are still going to seek their revenge.

Continue reading…If Reeves swipes some of the huge gains amassed from property and pensions, the lucky generation cannot argue – but willThe most infamous example of middle-income baby boomers seeking retribution for the loss of their accumulated wealth occurred in Germany in 2009, when a retired builder and his pensioner accomplice took their financial adviser hostage after more than £2m of stock market investments had crashed.In the UK. the chancellor, Rachel Reeves, is unlikely to face the same prospect if she swipes some of the gains baby boomer’s have amassed from property and pensions in her November budget, but those affected are still going to seek their revenge. Continue reading…