Re-posting: from December 3, 2022. See chart below.
Of course, not even close to being evenly divided among each member:
- the silent generation: $20 trillion; silent generation = 23 million = almost $1 million each.
- the boomer generation: $70 trillion; boomer generation = 78 million = almost $ 1 million each
Boomers:
- born 1946 - 1964
- current ages, 59 years old to 77 years old
- if one assumes the $70 trillion is a snapshot in time, that number could certainly grow significantly over the next 10 years
- ten years from now: 69 years old to 87 years old, by which time the bow wave has peaked, and the numbers start to decrease
- it will not be until 2030 when all boomers will finally be over age 65 -- that's almost ten more years.
Baby boom age wave theory, link here:
- most interesting in light of JPow's remarks yesterday:
- in 2006, Dychtwald predicted a massive slowdown in workforce growth, arguing the generations that followed the baby boomers would fail to replicate the quantity of labor provided by the vast number of people born in the 19 years after World War II.
- Covid-19 exacerbated that labor issue -- as mentioned by JPow yesterday
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Re-Posting
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