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 It has less to do with financial prudence and more to do with the luck of the draw. PeopleImages.com – Yuri A / Shutterstock.com

Despite railing against the trappings of mainstream capitalist America in the ‘60s and ‘70s, baby boomers went on to trade their bohemian headbands for suits, ties — and blossoming investment portfolios. Boomers, which were born between 1946 and 1964, have now become “the wealthiest generation that has ever lived,” according to a new global wealth report from the financial firm Allianz.

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