[bloqs]

the Boomer retirement(or lack of) bomb is currently going off. This generation had quite a large cohort who experienced an economic "miracle" throughout their childhood, and developed a troublesome and largely unrealistic grasp of pay and quality of life level for expected labour. They were the generation of just showing up to work and a firm handshake was enough for automatic promotion over time.

[jleyank]

Boomers are in their 60’s and up. Covid took some away, certainly their jobs. People who still had a pension took it and are gone. Social starts up ok at 62-63 if you’ve done ok saving. And judging from the typical ageism we all discuss here people just ain’t interesting by that age. So they’re not taking up jobs like they used to.

Houses, yeah, but unless you’re going to dump them offshore ya gotta live somewhere. Many have or are downsizing which frees up larger houses in desirable areas. Not their fault that investment firms are inhaling houses to give them a better return than stocks.

And remember all this retirement savings stuff has to start paying its taxes at 72 or 73 so the government gets their share. Downward price pressure won’t help the market but one has to sell to eat.