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by candiddevmike
262 days ago
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If it doesn't crash due to these factors, IMO Boomers aging and dying will crash the economy due to the outsized share of wealth they have locked up. They're going to cash it out as they incur more and more health/assisted living costs. Whatever is left will be sold immediately by their heirs to pay off debts or other forms of spending. I also have a theory that Boomer spending right now is the only thing keeping a lot of business in the black, especially higher end services, food, and tourism. |
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All of inflation-adjusted US spending growth has come from those in the top 20% income bracket ($175k+) and especially the top 3.3%.
So not Boomer spending, but wealthy spending. (Which overlaps but isn't completely the same thing)
[0] https://fortune.com/2025/09/17/economy-reliant-on-wealthy-co...