Global Scans · Baby Boomers · Weekly Summary

WHAT'S NEXT?: Over the next 20 years, more than 70 million baby boomers will retire, and the workplace will be dominated by experienced Millennials and Generation Z employees. Find out how Baby Boomers expectations and needs will change as this massive demographic shift takes place.

• [New] Gen Z is projected to surpass Baby Boomers in purchasing power by 2030, fueled by an estimated $68 trillion wealth transfer. Netguru
• [New] Baby Boomers will be 62-80 years old in 2026. investing.com
• Gen Z's share of private-label spending (18.4%) will surpass that (18.3%) of Baby Boomers by mid-2026. Empower
• By the end of this decade, all baby boomers will be 65 and older, and the number of people 80 and over will double in 20 years. The Morning Call
• The oldest baby boomers - once the vanguard of an American youth that revolutionized U.S. culture and politics - turn 80 in 2026. The Morning Call
• The expected holiday spending among millennials will decrease by 1% from the year before, while Gen Xers and Baby Boomers plan to increase their spending during the winter holiday season. Webinterpret
• As the baby boomer generation continues to age, however, the 80-and-over population will increase considerably from the mid-2030s, rising from 6.1 million in 2024 to around 8.5 to 9.8 million in 2050. Federal Statistical Office
• The U.S. is projected to experience a continued registered nurse shortage as baby boomers age and require more care. WIFR
• We believe that above-GDP growth in leisure travel in the developed world is being driven by the generational tailwinds of baby boomers' wealthy retirement and Gen Z fear of missing out. Firstlinks
• While Baby Boomers are expected to increase their holiday spending by 5% compared to 2024 levels, Gen Z is cutting back significantly and reducing their holiday budgets by 23%. Bryant News
• The children of boomers and older generations are staring down a record wealth transfer - $100 trillion by 2048. Business Insider
• The coming decades will see trillions shift from the Baby Boomer generation to their heirs, marking the largest wealth transfer in history. CIMMagazine
• By 2035, the entire baby boomer generation will be older than 65 and there will be more adults over age 65 than children younger than 18. PubMed Central (PMC)
• $84 trillion is anticipated to pass down from seniors and baby boomers to Gen X, millennials, and Gen Z by 2045. Fortune

Last updated: 04 January 2026