The big picture: The senior population is getting bigger as a share of the overall population. They're also getting richer.
"From higher home prices and, more recently, surging stock prices \\\[older Americans\\\] are driving the train, there's no doubt about it," says Mark Zandi, chief economist at Moody's Analytics.
By the numbers: About 30% of Americans were age 55 and older in 2024 — two decades ago, they made up less than one-quarter of the population.
More than 70% of all the wealth in the country is held by those over 55, per Federal Reserve data.
They're spending a lot of money. More than 45% of consumer spending now comes from those age 55 and older — up from less than 40% in 2020, per federal data crunched by Moody's Analytics.
https://www.axios.com/2026/02/12/jobs-report-health-care-boomers?utm_source=facebook&utm_campaign=editorial&utm_medium=organic_social&fbclid=IwdGRleAP7lI5leHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEepNH8E9zFt1z1szaSgeKQqhnnyGTp8iessaEo7SkD1cOAYrBiG5M1DciHiDk_aem_XGuaIJfjgHGw0YBg2-pR3A
Posted by quell3245
5 Comments
Thank you for this post. Good work
Calls on cruises, pickleball, and Old Country Buffett.
what is the point of living that long give up ur shid for me to gamble with and go wander into the wilderness
Economy propped up by people with money who spend money. Really groundbreaking stuff here
Old people have too much money is a huge societal problem. That’s why I’m bullish on healthcare, they’re working very hard to fix it.