[A] lot of Baby-Boomers have found themselves unprecedentedly wealthy, and in buying up nursing homes, care homes, you effectively had a means by which to unlock this wealth because you sort of have got access to this money printing machine because people will sell their homes to go in to a care home. They had no real choice but to then be locked into escalating fees. And so a lot of the Baby Boomers who might have considered themselves the kind of winners of the political and economic shifts that have occurred over the last forty years, they had sort of underestimated the extent to which there where these apex predators even higher up in the food chain waiting to tap into the capital or the wealth that they had accumulated. Wealth that was for better or worse ultimately destined [âŠ] to their children and their grand-children and so on in the shape of inheritance that was instead rediverted to Wall Street firms, to private equity funds and so on.
Hettie O'Brien, on Behind the News, July 9, 2026













