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A billionaire boomer blames his generation for ruining the economy for millennials


Howard Marks is a billionaire boomer with a bone to pick with boomers. Boomers have left future generations with debt and a broken economy, billionaire Howard Marks said.

With an affordability crisis and two recessions under their belt, millennials took the brunt of it.

Boomers need to make room for millennials to wield economic and political influence.

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Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy .One boomer billionaire is going off on his wealthy peers.Howard Marks, investor and cofounder of Oaktree Capital Management, recently wrote a memo to clients full of his usually notable remarks on the economy — and a shot at baby boomers for essentially ruining the economy for younger generations.He pointed out that over 71 million people are boomers — triple the 23 million Silent Gen members and 10% more than the 65 million Gen Xers, the two generations on either side of them.”The magnitude of the boomers’ votes and financial resources have given them enormous political influence over […]

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