ELI5: If millennials are set to inherit their parents/relatives "boomer" amassed wealth, why are they considered the poorest generation?

The boomers are spending that money, on rising health care costs, among other things.

I currently live in a country with subsidised health care, so is maybe this is an American millennials thing?

Getting $100K inheritance when you are 50 might be nice, but it isn't quit your job money. And most millennials could use that money now to get through college or put a down payment on a house, not 10-20 years from now.

Should 100K be retire money? It seems like a great boost to whatever you have earned. Most boomers I know are in their 60s/70s, so that may be regional but I don't expect most have a lifespace much longer.

And yes, many boomers still support their children.

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