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They could fix that sentence by specifying that it's elite baby boomers that will pass it on to elite Gen Y.
That's right. All the Baby Boomers had kids at the exact same time. They totally didn't give birth to Gen Xers or Millennials.
All their money will go to one generation.
It's a well-established pattern that, as soon as generations come up for discussion, shit gets dumbed down fast.
In general, I value Adam's take on the notion that generations don't really exist and view it mostly as a tool of marketing and the elite.
The corporate media narrative of the Boomer-Gen Y division is a classic case in point. Looking back, there was the Boomer vs. "Greatest" Generation narrative. Watching the current narratives of Boomer vs. Gen Y and more recently Gen Y vs. Gen Z is like watching re-runs.
Generations only exist for marketing companies categorizing everyone so they know how to market to you.