RE: Stocks will Fall as Baby Boomers Cash OutOT!
"Won’t the next generation buy the stocks Baby Boomers are selling?
Unfortunately, Generation X is a much smaller generation than the Boomers. Plus, Generation X’s buying power is no match for the large portfolios that will be sold off in droves. This is expected because older people simply have more money. To top it off, X’ers have less money for investing because of the increasing cost of living. Just being able to afford a house and paying large college debts leaves very little money to invest."
'My baby boomers' make each more in a year than I made in my entire life time. But I bought the lot my house sits on on the savings (not the earnings)of 2 months labour. How much money can you put aside every month and how many months do you have to save to get the capital to purchase one building lot?? That also applies for many other things.So much for the higher standard of living.When I look at the present building boom and the present house prices, me thinks a lot more money has to be printed or something will have to give sooner or later.Nevermind overpriced share prices.