Baby Boomers facing increased insecurity due to policy changes

Baby Boomers, who have enjoyed economic prosperity and medical advancements, are now facing increased insecurity due to recent policy changes, particularly regarding Social Security and healthcare. The Trump administration's actions are making life harder for this generation, which is now vulnerable at a crucial moment in history.

Impact of Baby Boomers on the Economy

The 'silver tsunami' refers to the impact of the baby boomer generation retiring and the potential economic consequences. Some view it as a crisis while others see it as an opportunity for investment and growth.

Wealth Transfer Among Different Generations

Younger wealthy Americans, specifically millionaires Millennials and Gen X, are more likely to prioritize sharing their wealth with the next generation compared to baby boomers. Baby boomers plan to spend most of their wealth rather than reserving it for future generations.

Baby Boomers Holding Onto Large Homes

Many baby boomers are holding onto their large homes even after their households have shrunk, limiting supply for younger generations. Financial factors and housing market conditions make downsizing unappealing for some boomers.

Aging Population in the U.S.

A record number of Americans will turn 65 this year, with 4.1 million Baby Boomers reaching this milestone. This demographic shift will continue through 2027, impacting the workforce and societal structures.