The Intelligence from The Economist

Heir tight: why boomers are so stingy

Jun 18, 2024
Join Callum Williams, a Senior economics writer, and Rachel Dobbs, a correspondent, as they dive into the surprising stinginess of baby boomers despite their wealth. They explore the economic intricacies behind their saving habits, influenced by health and legacy concerns. Rachel sheds light on groundbreaking advancements in menstruation research, tackling the challenges of testing and understanding female health. Lastly, they discuss innovative wind power technologies reshaping the shipping industry for a greener future.
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INSIGHT

Boomers Buck Retirement Trends

  • Baby Boomers are hoarding wealth, defying typical retirement spending models.
  • They are saving more and spending less than previous generations.
INSIGHT

Boomers Stay Put

  • Baby Boomers are staying in their homes longer than expected.
  • This contributes to their accumulated wealth and defies downsizing trends.
INSIGHT

Inheritance and COVID-19's Impact

  • Boomers prioritize inheritance, influenced by their accumulated wealth.
  • COVID-19 also impacted spending habits, leading to increased savings.
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