Housing crashes - there goes most of boomers assets
Stock market crashes - no more 401ks and retirement plans.
Medical downsizing - where do they get assisted living?
Social inSecurity - the latest generations have just called it quits
In other word, boomers thought they would have a cushy retirement, and the rug's about to be pulled on them
The everything bubble is popping, just when the boomers are retiring. (or maybe because the boomers are retiring) And when we say everything bubble, that means that there is nothing to fall back upon. It is all gone. Diversifying into stocks and bonds, savings accounts and real estate, means you will have nothing.
Many boomers had a home and a vacation home. (unlike gen Z who are mostly thinking they will never own a house) And most boomers are thinking that they are set with all the equity they have in the houses.
From my point of view, housing has already crashed. The prices are staying up because there is so little actual sales, and so little inventory. Real Estate agents are starving. The housing market has stalled, it is a certainty that they are going to crash.
All it takes is a slight breeze, and this house of cards is going to collapse.
Such as, the boomers selling their houses to move into a retirement community. That is 25% of the houses being put on the market soon.
Boomers will soon realize, that they have no equity. And they may not even be able to give their house away.
It is coming, and the biggest, surest, pin to burst this bubble is boomers having to pull money from the market to pay for retirement.
Of course there is the banking collapse, and the world divesting themselves of The US Dollars. Bond markets that have no real buyers. And fiat on its last leg before hyperinflation.
If any of these happen, the stock market will take a big hit. If many of these happen, the stock market will make 1929 look like a walk in the park.
It took over 30 years for the stock market to recover from that crash. Thirty years, to a boomer, is the rest of their life.
Their retirement savings invested in the stock market is about to go away.
The youngest generation is not getting good jobs and adding to the GDP. In fact, they are quite nihilistic about their future prospects. (the boomers held onto all the top positions until everyone has given up on moving up the ladder) Now, each successive generation is making less and less. Meaning there is less and less money flowing into SS to pay for the boomers retirements.
When SS began, it was 50 workers paying for 1 retiree. Now it is about 2 workers paying for 1. And this is unsustainable. This is an undue burden on the youngest generation.
Further, many boomers sacrificed their family life for fun or working. The mothers entering the work force left the children at home, alone. Then they were kicked out at 18 to live their own life. These children, now that they have grown, do not have much care/concern for the boomers. And you can't blame them, that is the way they were raised.
Basically, boomers are going to have to pay for retirement care. And there isn't enough nurses or homes to make that happen.
The boomers thought, or were sold the idea of just paying for their retirement. Having their very own house that they didn't share with anyone. Unlike generations before, where the grandparents were in the family house, and were a part of raising children. So, the boomers probably had some idea of just paying for nursing care, (they probably never thought this through) or their children would take care of them (the ones they never raised, and kicked out of the house)
Now, all the chickens are coming home to roost. Whether by devious plan, or by karma, the plans of the boomers are about to be destroyed.
Many a boomer will shout that they paid into Social inSecurity, and that they deserve that money. It has happened so many times before, however, soon there will be no one to listen to them or care. There will be no money
The only thing that could save boomers is if they cash out their retirement accounts and buy bitcoin. (Blackrock ETF is going to be found out to be a scam, a rug pull, and will probably destroy all ETFs) Not even 1 in 100 boomers would even think to get into bitcoin.
And, what i hate the most is that the boomers' problems, caused by their bad choices, is going to have to be solved by the younger generations.
