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.

• By 2030, all baby boomers be older than 65, expanding the size of the older population so that 1 in every 5 residents be at retirement age. Verified Market Research
• Over the next decades, $80 trillion is expected to pass from Baby Boomers to younger generations, representing the greatest wealth transfer in history. The Fintech Times
• Tensions will arise between generations as Baby Boomers (born 1946-1964) remain active well into old age, and Gen Alpha (born 2010-25) demand attention. Mintel
• Over 100,000 Baby Boomers reach 65 every day, and Glassdoor estimates that Zoomers will surpass Boomers at work for the first time in 2025. CultureWise
• Baby boomers and the silent generation are expected to bequeath $84 trillion in assets by 2045, most of it going directly to their heirs. Wharton Executive Education
• Within five years, all Baby Boomers will be eligible for retirement and the Boomer bubble will have all but deflated out of the workforce by 2028. Firstlinks
• Gen Z employees will outnumber Baby Boomers in the U.S. workforce by the end of 2024. Yahoo News
• As grandchildren of the Silent Generation and baby boomers, Gen Z will generally see smaller inheritances than Gen X and millennials and will gain $11 trillion. Investopedia
• Gen-Z will comprise a larger portion of the labour force, overtaking Baby Boomers for the first time. Forbes
• $84 trillion worth of wealth will be passed from the Silent Generation and Baby Boomers to their children and grandchildren. The Digital Asset Daily
• The growth rate of Germany's working age population will fall by 0.7 percentage points in the medium term owing to the large generation of boomers retiring and fading immigration. The Telegraph
• In 2024, as first-time voters, Gen Z, are expected to surpass Baby Boomers who have made up the biggest number of voters for decades. Euromonitor
• Over the next two decades, baby boomers and the Silent Generation will pass down a combined $84.4 trillion in assets to younger generations. Milken Institute
• By the time the last baby boomers turn 65 in 2030, the Census Bureau projects that 73 million older Americans will make up over one-fifth of the U.S. population. Brookings
• Gen Z will overtake boomers in the United States workforce, surpassing 17 million, while the number of working boomers continues to decline. Fortune
• Predominantly the offspring of millennials, their immediate forerunners, Generation Z, are projected to surpass Baby Boomers in the workforce by 2024, as noted by Glassdoor. Dataconomy
• The ageing of the world's Baby Boomers as a silver wave will boost demand for destination retail and hospitality properties 6. Morningstar, Inc.
• The number of full-time Gen Z workers in the U.S. is set to surpass baby boomers in the first few months of 2024. DNyuz
• While most Americans can expect Social Security Cost of Living Adjustment increases to be much smaller in 2024 thanks to reduced inflation, boomers - the generation born between 1946 and 1964, some of whom are already collecting Social Security - might be hit hardest. Yahoo Finance
• Given the demographic changes occurring in the U.S., such as aging baby boomers and low birth rates, it is safe to assume there will be a continued labour shortage in 2024. Forbes
• As the baby boomer generation continues to age into retirement, 3 out of 4 business owners are expected to exit their businesses in the next 10 years. TurboTax Canada
• Enrolment is expected to increase to about 60% of all Medicare beneficiaries by 2030, as the last baby boomers reach retirement age. Healthcare Dive
• Gen Xers and Baby Boomers are entering their golden years; the national median age continues to get closer to 40; and 1 in 5 Americans will be over 65 starting in 2030. Foodservice Equipment & Supplies

Last updated: 15 December 2024