Originally Posted by WHACKMASTER (Post 3842696)

Now we see the violence inherent in the system!

Originally Posted by WHACKMASTER (Post 3842696)

Now we see the violence inherent in the system!

Originally Posted by PineappleXpres (Post 3842713)

What about all the retirees pulling out their 401k at the same time? The next gen doesn’t have much invested. Will the s and p invert as well?

Originally Posted by PineappleXpres (Post 3842713)

I think inflation and affordability could cause revolution if it not for a cultural shift in the young, resigning to never owning a home and spending their income on latte and door dash to float the economy.

Originally Posted by rickair7777 (Post 3842750)

Yes, that's entirely possible. P/E's have been trending higher, and some of that is likely due to all of these people being told to invest their money in equity markets vice having a DB pension... that's likely driving high P/E's.

401k's are relatively new, basically the boomers will be the first generation to really put it to the test, end to end.

I saw that coming a long time ago. For that reason I diversified a bit. Not crypto or wingnut scammy stuff, but I'm not as heavy in traditional equities as I could be.



I don't think so. There are a lot of boomers, and not as many Gen Y/Z.

While retirees are tending to keep their big houses for now (more so than in the past) that won't last forever as they become infirm and die. The younger generations should have a lot of housing opportunity as they get older (assuming immigration is reasonably constrained).

Same goes for employment opportunity... all those retirees will need goods and services, and there will be opportunity galore for those willing to provide it. I'd guess savings/investsments will devalue and inflation will reward those who are currently in the workforce and can compete for raises.

Kind of like post-covid... big inflation due to a lot of people being given (printed) money that wasn't associated with productive output. The correction for that was competition for workers and big raises for those able and willing to be productive. For example our timing was good with contract cycles, we got more or less made whole post-covid.

I don't feel bad. I lived in my buddy's unfinished spare bedroom to save money after I got out of the Navy. I had a good job, but wasn't sure what career path I was going down at that point. Lot of fun people around that house though. Bought a small condo at age 40, forever home at age 50.

Philsophically, when you're young all you really need is beer and ass, enjoy youth while you can. I'm glad I did. You do want to set yourself up to be comfortable down the road, by age 50 or so.

Originally Posted by rickair7777 (Post 3842750)

I don't think so. There are a lot of boomers, and not as many Gen Y/Z.

While retirees are tending to keep their big houses for now (more so than in the past) that won't last forever as they become infirm and die. The younger generations should have a lot of housing opportunity as they get older (assuming immigration is reasonably constrained).

Originally Posted by TallFlyer (Post 3842883)

As a 40 something airline pilot, I'm operating under the assumption that I won't see a dime from Social Security when it comes time for me to 'retire.' I think anyone in our tax bracket should have the same mentality. It'll get ugly if the powers that be start to eye retirement accounts as funding sources at some point, as I believe they will.

Originally Posted by FriendlyPilot (Post 3842836)

Nope none of this is true.

According to the US Census Bureau Baby Boomers are the 3rd largest demographic behind Millennials and GexZ. GenX is close behind.

Census Bureau Data 2023:

72M Millennials
69M GenZ
68M Boomers
65M GenX

The 68M boomers won't all be gone for 40 years, and its 19 years before half of them are gone. This doesn't include Boomers married to younger spouses that will live in their homes even longer. Those 3 generations behind them represent 200M people trying to get their houses. Most of which will just be inherited by their Millennial, GenZ and GenX heirs. There aren't going to be a flood of homes that hit the market anytime soon. Its all just made up. There is no "silver tsumani" of home sales. That's just housing crash bro propaganda.

The competition for housing is only going to be more fierce over then next decade as the younger generations compete for a lack of homes and new home builders can't build them fast enough because they lack sufficient labor and resources to do so. Real estate is only going up. Just like most assets have and will keep doing.

Also GenZ are the highest earning generation ever. Closesly followed by Millennials and then GenX. Those 3 generations are far ahead of the boomers that preceeded them. The only reason boomers have so much wealth is they have been alove longer to accumulate it.

Originally Posted by TallFlyer (Post 3842883)

It'll get ugly if the powers that be start to eye retirement accounts as funding sources at some point, as I believe they will.