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A billionaire boomer blames his generation for ruining the economy for millennials view | edit | list | share
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Business Insider Reports:
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.