Financial Challenges Faced by Boomers and Expectations of Stinginess

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The chapter delves into the financial struggles of boomers, addressing the difficulties in saving for both their own and their parents' care expenses, highlighting the cautious spending behavior resulting from conflicting financial priorities. It concludes with an advertisement for Instacart, promoting free delivery for the first three orders through their app.

The post-war generation reaped the benefits of peace and prosperity. Yet rather than spend that bounty, retired boomers are hoarding their riches–and upending economists’ expectations. The science of menstruation is baffling, partly because most animals don’t do it. Now clever innovations may help improve women’s health (9:13). And how old-fashioned wind-power is blowing new life into the shipping industry–and cutting its emissions (16:13).

Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+

For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.