Monday, July 03, 2017

The World In Pictures {Boomers}

Today's graph comes from David Rosenberg, Chief Economist and Strategist for the Canadian Investment Firm Gluskin Sheff and deals with the inevitable age progression of the baby boomers through the general population turnpike.   The comments after the graph are from the article.

"This is where the power and influence still reside, and nothing is going to stop the inevitability that nearly two million of this critical demographic group will be turning 70 annually for the next 15 years. And they are very likely to make it to 85 or even older with medical advancement. 
This has crucial implications for the financial markets because it is when you turn 70 that you undertake the most profound asset mix shift since you were in your 30s and loaded up on equities — when you turn 70, preservation of capital and cash flows becomes much moreimportant, and yet in a world where 'safe yield' has become extremely scarce, the investment challenges for the aging but not yet aged boomers are going to be daunting, to say the least."  

My comment:  Boomers are still the most economically dominate generational cadre but will likely be surpassed in the next 5-10 years by the Millennials.  There are almost as many of them as there are Boomers.  
Back Thursday as I'll be out the next few days celebrating the holiday.  Happy 4th of July to all and God Bless the United States of America!