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Federalist Radio Hour

Here Come the Peak and Bleak Boomers

Federalist Radio Hour

Radio America

News, News Commentary, Politics

4.53.3K Ratings

🗓️ 22 April 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Here Come the Peak and Bleak Boomers. www.watchdogonwallstreet.com

Transcript

Click on a timestamp to play from that location

0:00.0

The Watchdog on Wall Street Podcast, explaining the news coming out of the complex

0:05.0

worlds of finance, economics, and politics, and the impact it will have on everyday Americans.

0:10.0

Author, Investment Banker, Consumer Advocate, Analy analyst, and trader, Chris Markowski.

0:16.3

Here come the peak and bleak boomers.

0:20.4

Well, what am I talking about?

0:21.4

Well, again, they love coming up with their little labels.

0:24.3

Peak Boomers, 30 million of them.

0:27.4

30 million peak Boomers are entering retirement

0:31.4

right now. and they're financially unprepared.

0:37.0

All right, story out by most one's business insider and anything that business insider puts out you always have to take what a bit of a grain of salt in regards to the conditions say far left publication. The numbers though are right yes she got 30

0:55.6

million peak boomers that are entering retirement and this piece they're talking

1:01.3

about oh no the economy could take a hit in certain fields because

1:06.1

you need to have workers to replace these 30 million odd give me a break okay you know what is what is the latest thing that's going to destroy the world?

1:14.8

I mean, again, you're worried about AI taking everybody's jobs.

1:17.8

Now you're worried about too many people retiring and you're not going to be able to fill these jobs.

1:24.8

But the big thing that they're writing about

1:27.6

is that these boomers are financially,

1:32.0

financially, they're hurting. They're not prepared for this next stage in their life.

1:38.9

Well, I got a tip. Again, if you are a peak boomer, these are people born 1959, 1964.

1:50.0

If you're not ready for that next stage in life, you might want to keep working.

1:57.7

You might want to work a little bit longer. Okay?

2:03.0

There's nothing that says that you are entitled to stop working at the age of 65.

...

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