Boomers had a lot more sibling and lot smaller inheritances coming to them. Kids these days will inherit a lot more and share a lot less with siblings.

Capital of the 21st century by Piketty. Highly recommended reading. It points out how slow degradation will happen.

You are right in a sense. But it's still a very bad prognosis.

Unless Boomers live long enough to spend the inheritance on nursing homes