Economist Podcasts Heir tight: why boomers are so stingy
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Jun 18, 2024 
Join Callum Williams, a Senior economics writer at The Economist, as he dives into the curious financial habits of baby boomers, who favor saving over spending despite their wealth. Meanwhile, Rachel Dobbs, Correspondent for The Economist, highlights fascinating advancements in women's health, particularly regarding menstruation and drug development, alongside innovative approaches to sustainable shipping. Discover how renewable wind power is revolutionizing the shipping industry, all while probing the generational wealth dynamics at play.
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Boomer Spending Habits
- Economists' model predicts people spend savings in retirement.
- However, data suggests Baby Boomers aren't following this model.
Global Stinginess
- Baby Boomers are saving more than expected in retirement.
- This trend is evident across the rich world, including America, Canada, South Korea, UK, Germany, and Japan.
Downsizing Delay
- Baby Boomers are staying in their homes longer than previous generations.
- Over a quarter of large US homes are owned by empty-nest Baby Boomers.