5min chapter

Tom Bilyeu's Impact Theory cover image

How To Prepare For The GLOBAL RECESSION & Build Wealth In The Process! | Raoul Pal

Tom Bilyeu's Impact Theory

CHAPTER

What Happened to the Baby Boomers?

Inflation adjust wages for the average median American have not gone up in 45 years. But price of assets went up because there's a whole bunch of people at the same age who all want to buy a house and stock market together. They pushed up prices so they got poorer because they didn't own it all. So this whole thing was driven by demographics and that came out of World War II. It was World War II that drove all of the mess we're in now and that's the same globally.

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