Hedley

Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.

You can't expect to wield supreme power just 'cause some watery tart threw a sword at you!

GoCats67

Help! Help! I'm being repressed

rickair7777

Yes, that's entirely possible. P/E's have been trending higher, and some of that is likely due to all of these people being told to invest their money in equity markets vice having a DB pension... that's likely driving high P/E's.

401k's are relatively new, basically the boomers will be the first generation to really put it to the test, end to end.

I saw that coming a long time ago. For that reason I diversified a bit. Not crypto or wingnut scammy stuff, but I'm not as heavy in traditional equities as I could be.

I don't think so. There are a lot of boomers, and not as many Gen Y/Z.

While retirees are tending to keep their big houses for now (more so than in the past) that won't last forever as they become infirm and die. The younger generations should have a lot of housing opportunity as they get older (assuming immigration is reasonably constrained).

Same goes for employment opportunity... all those retirees will need goods and services, and there will be opportunity galore for those willing to provide it. I'd guess savings/investsments will devalue and inflation will reward those who are currently in the workforce and can compete for raises.

Kind of like post-covid... big inflation due to a lot of people being given (printed) money that wasn't associated with productive output. The correction for that was competition for workers and big raises for those able and willing to be productive. For example our timing was good with contract cycles, we got more or less made whole post-covid.

I don't feel bad. I lived in my buddy's unfinished spare bedroom to save money after I got out of the Navy. I had a good job, but wasn't sure what career path I was going down at that point. Lot of fun people around that house though. Bought a small condo at age 40, forever home at age 50.

Philsophically, when you're young all you really need is beer and ass, enjoy youth while you can. I'm glad I did. You do want to set yourself up to be comfortable down the road, by age 50 or so.

PineappleXpres

Check your COLA to Income ratio trajectory. There are opportunities but not in populous areas. Multigenerational living is the future and generational wealth transfer is getting split multiple ways could offer down payments but they will probably be for Condos.

FriendlyPilot

Nope none of this is true.

According to the US Census Bureau Baby Boomers are the 3rd largest demographic behind Millennials and GexZ. GenX is close behind.

Census Bureau Data 2023:

72M Millennials
69M GenZ
68M Boomers
65M GenX

The 68M boomers won't all be gone for 40 years, and its 19 years before half of them are gone. This doesn't include Boomers married to younger spouses that will live in their homes even longer. Those 3 generations behind them represent 200M people trying to get their houses. Most of which will just be inherited by their Millennial, GenZ and GenX heirs. There aren't going to be a flood of homes that hit the market anytime soon. Its all just made up. There is no "silver tsumani" of home sales. That's just housing crash bro propaganda.

The competition for housing is only going to be more fierce over then next decade as the younger generations compete for a lack of homes and new home builders can't build them fast enough because they lack sufficient labor and resources to do so. Real estate is only going up. Just like most assets have and will keep doing.

Also GenZ are the highest earning generation ever. Closesly followed by Millennials and then GenX. Those 3 generations are far ahead of the boomers that preceeded them. The only reason boomers have so much wealth is they have been alove longer to accumulate it.

Jdub2

Population growth isn’t necessary in just one economic model, it’s a requirement in any retirement scheme or program public or private. Until or unless robots do everything, or the majority of things, in order for some people to be retired or not working more have to be working. Period

TallFlyer

As a 40 something airline pilot, I'm operating under the assumption that I won't see a dime from Social Security when it comes time for me to 'retire.' I think anyone in our tax bracket should have the same mentality. It'll get ugly if the powers that be start to eye retirement accounts as funding sources at some point, as I believe they will.

CatPilot1

Ive been saying this for years. Plenty of lawmakers want to confiscate inheritance all together too.

rickair7777

I believe they were the largest generation before they started dying off. Also I'm talking about USofA, global numbers off google might be different.

Nobody is denying that the boomers benefitted from good timing.

But not sure how you came up with highest earning generations, maybe by not adjusting for inflation?

In actual today dollars, generational current income is as follows: X, Y, B, Z, S. That tracks based on where everyone is in their career/life progression. Mid/late career make more, retirees and kids make less. My Gen Z daughter's income is only a few grand but she's still in school

rickair7777

They already are... they will follow the money.