Today, Dr. Ed examines Baby Boomer economics. The Boomers are sitting on sizable nest eggs that continue to expand along with home prices and stock prices. They are starting to spend more of their net worth as they retire. Many Boomers are not empty nesters but have grown children living at home and are providing them with financial support. The population bulge that has had outsized effects on markets in the general economy at every life phase is now the wealthiest and healthiest generation in history—and spending like it. That’s one of the many reasons we remain bullish on the US economy and stock market.
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