More accurate to say that the overwhelming majority of all Baby Boomers have already retired, and that that small contingent of Baby Boomers currently still in the workforce - the stragglers, so to speak - will retire by 2030.
Regards,
S&P 500 down about 10% now since early January... Build Back Better... as Joe says he exceeded everyones expectations... Ugly times....
“More accurate to say that the overwhelming majority of all Baby Boomers have already retired, and that that small contingent of Baby Boomers currently still in the workforce - the stragglers, so to speak - will retire by 2030.”
I was making a sweeping and breezy generalization because this is FR. I was attempting to point out I saw that retirement as another factor to be included.
If the Fed did it’s job, a huge portion of those boomers would put their money into bonds. ‘Cause...seve percent or more to counter the idiocy of adding so much money to the economy. Stocks would suddenly be back to evaluations that were connected to the amount of money they are actually making.
The tail end Baby Boomers, those born in the 1958-64 period, will likely retire by 2030 or so. But the tail enders are a smaller contingent of the Boomers. Then we will start hitting the early wave of Gen X, those born in 1965-72, leaving the work force.