By age 35, 17% of baby boomers moved into a prestigious professional careers after graduating college, such as law or medicine, while 7.3% of millennials did the same.
By age 35, 62% of boomers owned homes, while 49% of millennials were homeowners. Around 14% of millennials had negative net worth, compared to 8.7% of baby boomers.
Gonna be real weird to see the very sudden shifts in wages and housing affordability as Boomers continue to exit both markets.
I really think that a lot of policy-makers are going to be blindsided about this despite a literal generation of warning.
My boomer mom is planning to sell her house and move in with my brother whenever her husband dies. Even if she lives another 20 years she will have left the market permanently.
Many of humanities problems, will be solved by a lot of humans just up and dying. This is because our problems are being caused by people with names addresses and agendas. I’m not advocating murder, I’m merely pointing out the fact that many of the economic woes will vanish as the Baby Boomers die off and their wealth goes to people who will actually use it for shit
Gonna be real weird to see the very sudden shifts in wages and housing affordability as Boomers continue to exit both markets.
I really think that a lot of policy-makers are going to be blindsided about this despite a literal generation of warning.
“leaving the housing market” is a neat innuendo lol.
Sounds more like a euphemism to me?
Ah yeah. That’s the one.
My boomer mom is planning to sell her house and move in with my brother whenever her husband dies. Even if she lives another 20 years she will have left the market permanently.
They have the same thing with labor statistics.
Many of humanities problems, will be solved by a lot of humans just up and dying. This is because our problems are being caused by people with names addresses and agendas. I’m not advocating murder, I’m merely pointing out the fact that many of the economic woes will vanish as the Baby Boomers die off and their wealth goes to people who will actually use it for shit