My wife's parents just retired last year and travel every six weeks. No crazy retirement fund, just a paid off house probably under $1M in 401K/IRA funds, and my father in law started Social Security at 66.5.
My grandpa (83) on the other hand lives in a small rural town, in a one floor house less than 2k sqrt ft. He has a net worth of over $20M from selling a business and investing in real estate the last 30 years.
Grandpa has low time preference and thinks generationally. He buys used cars and his favorite place to eat out is Wendy's (even though he is quite heavy and knows he should stop). He wants to preserve his good fortune for his legacy.
That is the generational difference between the Boomers and their parents
