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Tom Bilyeu's Impact Theory cover image

The Realities of Money, AI, and the 2024 Recession | Raoul Pal PT 1

Tom Bilyeu's Impact Theory

NOTE

Baby Boomers' Impact on Inflation and Deflation

Baby boomers, who are hoarding money due to the fear of destitution in old age, are causing a disinflationary trend by reducing the velocity of money. Their behavior stems from a strong psychological drive to ensure they do not worsen their financial situation. This demographic group's borrowing to bridge gaps in income and asset accumulation has influenced the debt boom. As baby boomers age and pass away, their reduced spending propensity will continue to shape economic trends.

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