What is Baby Boomers?

Gen X and millennials are ahead of baby boomers on a per-capita wealth basis at the same age, contradicting the popular narrative that younger generations are financially worse off.

“Gen X and millennials are ahead of boomers on a per capita wealth basis at the same age.”

Baby boomers staying in their homes rather than downsizing is a key structural constraint on housing supply, compounding affordability problems for younger buyers.

“The baby boomers, they're not selling their houses. They're not moving into smaller apartment buildings. as a result, the supply of housing is rather constrained.”

Baby Boomers are not downsizing homes in retirement, undermining a long-held assumption about housing supply unlocking at scale.

“The historic retirement play of sell your home and buy a smaller one just isn't happening.”

Headline wage inflation numbers are distorted by composition effects. High-income Baby Boomers retiring out of the workforce skew aggregate wage figures downward, masking true wage dynamics.

“You have to be careful because it's very much influenced by composition between high and low wage workers. And again, the baby boomers are retiring. It's a big cohort.”

The long-feared Baby Boomer equity selloff has not happened. Retirees are holding stocks and spending rather than liquidating portfolios.

“There were some expressions of concern that while the stock market was going up while the baby boomers were working that once they retired that all'd be dumping their stocks and we would have a big bear market. This Of course that's not playing out at all.”