From Newsweek · · 1m
Boomers Reshape U.S. Economy
Baby boomers' wealth and aging shift spending toward health care, housing, and premium services.
In brief
Baby boomers' wealth and aging shift spending toward health care, housing, and premium services. Baby boomers' growing wealth and aging will reshape the U.S. economy by increasing demand for health care, housing, and premium services. Originally reported by Newsweek.
Baby boomers
Baby boomers, born between 1946 and 1964, hold 52 percent of U.S. household net worth.
Wealth concentration
The wealthiest 10 percent of boomer households hold 71 percent of the generation’s aggregate wealth.
Housing impact
75 percent of Americans aged 50 and above prefer to stay in their current homes as they age.
Health care demand
Health care accounts for 14 percent of consumption among U.S. households headed by someone aged 75 or older.
Economic shift
Moody’s expects a 'barbell' effect: strong demand at the premium end and in aging-related industries, but pressure on midmarket businesses.
Silver cohort
The 'silver cohort' will reshape the U.S. economy through increased demand for health care, housing, and premium services.
The headline
Baby boomers' growing wealth and aging will reshape the U.S. economy by increasing demand for health care, housing, and premium services.
