Americans 55+ now account for 45.3% of all U.S. consumer spending. Highest in at least 28 years. Nearly double the 28% in the early 2000s.
They also hold 73.7% of all U.S. wealth, up from 56.2% in 20...
Now do debt. We know consumer debt is at all time highs, and it's worse when you add post secondary education and mortgages. I bet we get the inverse. These boomers, sorry to say, just need to move on already. But, as healthcare costs continue to rise you better believe that Big Insurance and Big Pharma are coming after your inheritance.
Me? I've lived my whole life believing I wasn't getting anything. Not a pension. Not social security. Not inheritance. Because those who held the purse strings were not trustworthy... And they've proven my thesis correct.
Me? I've lived my whole life believing I wasn't getting anything. Not a pension. Not social security. Not inheritance. Because those who held the purse strings were not trustworthy... And they've proven my thesis correct.