baby boomer

We passed a dark milestone: more money came out of 401(k)s than went in

By / 13 Comments / 18 June 2015

Summary: Lost in yesterday’s festival about the latest meeting of America’s central planners (wielding tools that Kings of the pre-modern world would envy) was a small article in the Wall Street Journal announcing that we have passed a small milestone on the road to a harsh future.  {1st of 2 posts today.}   America passes …

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As boomers retire they create a drag on US GDP that will last for decades

By / 10 Comments / 10 June 2018

Summary:  The Boomers have begun retiring. They’ll inflict economic stress on America in ways few expect, and so for which we’ve not prepared. This post looks at one such, the long headwind to economic growth created by their falling spending.  {1st of 2 posts today.} Contents The Age Wave. The Boomers’ retirement is coming. Conclusions. …

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