As a baby boomer myself, perhaps I’m prejudiced, but this generation of mine has always had an outsized impact on the U.S. economy. From Beatlemania to the housing boom, boomers have always tended to do things en masse and to Brobdingnagian effect.
Now we’re starting to retire, and the implications will be huge. Boomers control over 80% of personal financial assets and more than half of all consumer spending. They buy 77% of all prescription drugs, 61% of over-the-counter drugs and 80% of all leisure travel.
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