The article I swiped this from suggests we can't have a prolonged recession because this 75 trillion is coming back into the economy in the next 20 years as the majority of Boomers retire or pass. The US government injected 2 trillion into the economy during Covid and it sparked an incredible market rally. That figure is absolutely dwarfed by Baby Boomer savings. *For reference, there are 76 million Boomers and 73 million Millennials. https://fortune.com/2023/06/29/recession-ed-yardeni-consumer-spending-baby-boomers/
[link] [comments] https://www.reddit.com/r/stocks/comments/14nm9l2/boomers_are_worth_75_trillion_which_dwarfs_the_2/
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