The Peter Zeihan Podcast Series Boomers, Xers, and Budgeting || Peter Zeihan
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Jan 27, 2025 The podcast delves into the economic role of Generation X amidst the shadows cast by Baby Boomers. It highlights the unique financial challenges Gen X faces, including a shrinking workforce and increasing responsibilities. Listeners learn about current wage advantages due to labor shortages, while also examining potential future burdens as Millennials rise to power and push for budgetary reforms. A thought-provoking discussion on how these demographic shifts will shape America's economic landscape.
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Financial Life Stages
- People aged 18-45 are high consumers with low capital generation.
- People aged 45-65 are high savers with peak income and a large tax base.
Boomer Bulge
- Baby Boomers are the largest American generation due to post-war growth and industrialization's impact on healthcare.
- This created a double population bulge.
Boomer Economics
- Boomers' economic dominance created low labor costs and high inflation in their early adulthood.
- Later, they generated capital, lowering inflation and expanding the welfare state, primarily for themselves.