alt Hacker NewsThe youngest baby boomers are in their early 60s. I doubt it will make a difference in tech, but traditional industries, or what is left of them, should see a lot of senior roles open up as baby boomers begin to retire. Then, as they begin to pass away, a lot of their accumulated wealth will pass to their heirs as well.
The baby boomers have been a serious "clog" in the system at a lot of levels. It will be interesting to see how things play out once they're no longer actively involved.
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~$0 of baby boomer wealth will pass down.
It's all going to be taken by end of life care companies who charge $20k a month (yes really) to put you in a small room and have a teen with barely a highschool diploma check in on you every now and again, for minimum wage.
Every dime of wealth the boomers collected will be captured by a few private capital orgs who prepared for this. It will never flow down.
i suspect based off some light readings around this that there will be even more of a wealth transfer in the coming 20-30 years as the boomers fall off. medical costs for advanced age, asset prices like housing falling off in certain areas, mismanagement of retirement funds, and even just continuing the mentality of “i can’t take it with so might as well spend”