Welcome back for the second installment of Move Your ASS-ets America. In the opening chapter, we discussed Depression Economics which was a study of the investment habits of the "Greatest Generation". Today we're going to talk about their kids, The Baby Boomers (those born in 1946-1964).
Baby Boomers have had a profound impact on America, as consumers. One economist described that impact like "watching a basketball pass through a python". Everything the Boomers touch goes up in price. Look at all of the elementary schools built in the 50s and 60s. The cost of a college education skyrocketed from 1975-1995 because of their impact. Housing rose during the 80s as they bought their nests, stocks in the 90s as they invested their 401-k accounts, and real estate in the first half of this decade as they purchased their vacation/retirement homes. Health care has steadily increased in costs during the past 15 years as the Boomers have aged and acquired aches and pains.
Now, the Boomers are getting ready to retire and everyone is concerned that they'll drain the Social Security system. I wouldn't
