My brother (securities licensed) was talking in the early 1990's about all the money that was going to change hands when the baby boomers parents started kicking off, and the fact that the boomers will apply the money differently than how their parents did.
He said we would have an incredible boom until about 2008 aproximately). I asked him what would happen then. He said it would prabably get pretty "ugly."
But hey, it was almost 20 years away! Why worry!
I saw those stats. Giant transfer of 1950s/1960s wealth.