Economist Podcasts
Heir tight: why boomers are so stingy
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.
22:54
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Quick takeaways
- Baby Boomers are saving more in retirement, defying traditional spending patterns and raising concerns about economic impacts.
- Limited animal models hinder research on women's reproductive health, but artificial mouse models are emerging to aid in exploring menstrual processes.
Deep dives
Baby Boomers' Spending Habits in Retirement
Baby Boomers, known for their accumulated wealth, are defying traditional spending patterns in retirement by saving more rather than spending down their assets. Contrary to the model predicting increased spending in retirement, Baby Boomers have shown a trend of saving and accumulating wealth as they age, with evidence from various countries indicating a rise in savings rates among this generation. This shift in behavior raises concerns about potential impacts on inflation and interest rates, challenging conventional economic expectations.
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