As Baby Boomers age, younger generations are fearing the day they'll be shouldering the burden to pay for Boomers' Social Security benefits. But one senior says Baby Boomers will help boost the economy, not drain it.
There was one tiny bright spot to March's unemployment report: 164,000 fewer people were looking for work. One particular demographic that has dropped out of the search — Baby Boomers who are choosing to retire prematurely.
I don't think investors should fear the march of time. The specter of a baby boomer-driven stock and bond market implosion seems implausible to me largely because of the move toward market economies around the world. By the time retiring boomers are selling in earnest, markets will be even more global than they are now. There are a lot of foreigners to buy U.S. assets.
Many are now realizing they'll have to work through their retirement years, which means staying in the areas where they have their career networks, instead of moving to warm states like Arizona.