This clip discusses the looming retirement crisis facing America and the world, primarily driven by demographic shifts and the baby boomer generation reaching retirement age. It argues that many people are underprepared for retirement, having insufficient savings and relying heavily on risky assets like equities and overvalued markets.

The core argument is that the confluence of an aging population, record high equity valuations, and an impending recession creates a dangerous scenario. As baby boomers retire and begin selling equities to fund their lifestyles, a market downturn could significantly deplete their savings, leaving them unable to recover. This will also lead to a decline in consumer spending, further impacting the economy. The clip suggests potential opportunities in understanding changing consumption patterns and investing in sectors like trailer parks and used cars, while also highlighting the need for a shift in mindset towards saving and risk management, especially for those nearing retirement.

And the younger generations having massive debt and wanting to work less (aka "weakening tax revenues" means that Social Security going insolvent will happen at warp speed.

which one is it?

this article says retirement accounts will be drained below acceptable levels

other articles say we are in a period of massive wealth transfer from baby boomers to Gen X

Muy said:

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And the younger generations having massive debt and wanting to work less (aka "weakening tax revenues" means that Social Security going insolvent will happen at warp speed.

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Ain't no sane blue collar person expecting SS payments to be around after the boomers retire.

Yeah I mean the simple answer is probably "people will keep working"

Muy said:

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And the younger generations having massive debt and wanting to work less (aka "weakening tax revenues" means that Social Security going insolvent will happen at warp speed.

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Social Security is already insolvent. We're printing the difference between dollars received and dollars spent.

The simple answer is, keep working.

It's better for you anyway

Aggie95 said:

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which one is it?

this article says retirement accounts will be drained below acceptable levels

other articles say we are in a period of massive wealth transfer from baby boomers to Gen X

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I don't think most boomers will have anything left to pass down. Median of $400k in retirement accounts won't go far especially if the money printer keeps running. I don't expect any social security to be left when it's time for the bulk of Gen X to retire. If there is, it might buy a happy meal.

Of course the crime of keeping interest rates low to inflate the economy (favors debt) takes away from the older fixed income individuals that want higher interest rates.

There should be balance. Interest rates high enough to make people think before they take on debt, and provide some interest rates to encourage everyone to save. It's a balance.

Defund Social Security now and let's have a future!

Decay said:

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Yeah I mean the simple answer is probably "people will keep working"

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Used to be people worked till they couldn't, were already living in a multigenerational household, and their adult children cared for them until death.

Now, folks who didn't invest in family waste away their last years in unaccountable "retirement homes." Europe tried to import brown people as replacements to their non-existent children, but the results are rather stark as the imported "service class" has no incentive to serve well.

As to the economy; the GenX'ers can't backfill the top roles so a handful of millennials will see rapid advancement (God help us all). AI may keep the bottom in tact, but the competence loss is going to hurt (think of how many times AI gives you a 90% right answer - if you don't know enough to catch that 10%; you're going to have a bad day).

Consumption will stay high, though. Just look at the Covid era vehicle purchases. No abatement of folks out there signing up for debt to purchase crap.

Aggie95 said:

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which one is it?

this article says retirement accounts will be drained below acceptable levels

other articles say we are in a period of massive wealth transfer from baby boomers to Gen X

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apparently you haven't been reading this board, us boomers are too damn selfish to give anything to anybody according to the lazy ass younger generations that think we should pay for their lifestyles

Its Texas Aggies, dammit said:

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Aggie95 said:

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which one is it?

this article says retirement accounts will be drained below acceptable levels

other articles say we are in a period of massive wealth transfer from baby boomers to Gen X

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I don't think most boomers will have anything left to pass down. Median of $400k in retirement accounts won't go far especially if the money printer keeps running. I don't expect any social security to be left when it's time for the bulk of Gen X to retire. If there is, it might buy a happy meal.

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Not retirement accts

Baby Boomers are sitting on approximately $19 Trillion in real estate value.

Muy said:

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And the younger generations having massive debt and wanting to work less (aka "weakening tax revenues" means that Social Security going insolvent will happen at warp speed.

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SS is good until 2033.

The problem in the vid is that boomers have their investment ratio screwed up with 80% equities, the market is way overvalued, we will get another recession, the market will correct and the boomers are screwed. They have that investment ratio because they didn't save enough.


eta: per this report, the year is 2033 now:

https://www.ssa.gov/news/press/releases/2025/#2025-06-18


and it has nothing to do with "legal authority". It has to do with depletion of fund assets, i.e. US treasuries.

Boomers really were the most irresponsible generation.

Aggie95 said:

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Its Texas Aggies, dammit said:

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Aggie95 said:

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which one is it?

this article says retirement accounts will be drained below acceptable levels

other articles say we are in a period of massive wealth transfer from baby boomers to Gen X

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I don't think most boomers will have anything left to pass down. Median of $400k in retirement accounts won't go far especially if the money printer keeps running. I don't expect any social security to be left when it's time for the bulk of Gen X to retire. If there is, it might buy a happy meal.

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Not retirement accts

Baby Boomers are sitting on approximately $19 Trillion in real estate value.

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72% of which can't be sold because they have unemployed or underemployed adult children in living in their home with them!

If a 1-3 year recession and recovery cycle dooms your ability to pay your bills in retirement you didn't have enough to retire in the first place

lb3 said:

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Muy said:

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And the younger generations having massive debt and wanting to work less (aka "weakening tax revenues" means that Social Security going insolvent will happen at warp speed.

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Social Security is already insolvent. We're printing the difference between dollars received and dollars spent.

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Actually, SS has collected more in dollars received than dollars spent since the beginning of the program... a surplus. Hard to believe, but it's a fact. The nuance is Congress didn't set aside the surplus in all the years when SS receipts exceeded SS payments. They spent it on other stuff. So today, it's correct that SS payments are supplemented with money from the general fund because the surplus has been spent. It's not in a "lockbox."

At around 2033, total dollars spent will begin to exceed total dollars received, and if no changes are made to shore it up, SS recipients will get a haircut of roughly 15% in their checks.

infinity ag said:

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Boomers really were the most irresponsible generation.

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you may secretly be a lib because you cry about so many things that actually were under your control. If you chose not save early in your career , that is on you - not the boomers but go ahead and project your failures on a faceless general demographic called the boomers

HDeathstar said:

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Of course the crime of keeping interest rates low to inflate the economy (favors debt) takes away from the older fixed income individuals that want higher interest rates.

There should be balance. Interest rates high enough to make people think before they take on debt, and provide some interest rates to encourage everyone to save. It's a balance.

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This

Vepp said:

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Defund Social Security now and let's have a future!

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F that. Payment back what I put in. THEN you can defund it, whatever.

infinity ag said:

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Boomers really were the most irresponsible generation.

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Except for the idiots that followed.

infinity ag said:

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Boomers really were the most irresponsible generation.

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Not really. They were the largest generation, therefore politicians gave them everything.

Gen X, the smallest generation will get screwed due to limited political clout.

yell_on_6th st said:

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The simple answer is, keep working.

It's better for you anyway

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Amen. 70 years old and going strong. And I am a responsible boomer. Could retire but don't want to.

Its Texas Aggies, dammit said:

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The clip suggests potential opportunities in understanding changing consumption patterns and investing in sectors like trailer parks and used cars…

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Liquor Stores, Dollar Stores, and Fast Food?

A lot of speculation around a possible recession happening at worst time. But more impactilful than reduced personal consumption, is the disruption of the relentless 401K bid on the S&P.

The saving grace may be US leadership in an AI/Automation/Robotics boom.

infinity ag said:

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Boomers really were the most irresponsible generation.

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For those of us that paid for our own college, saved, never got into credit card debt, and then put our kids through college, I respectfully disagree.

Highway6 said:

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infinity ag said:

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Boomers really were the most irresponsible generation.

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For those of us that paid for our own college, saved, never got into credit card debt, and then put our kids through college, I respectfully disagree.

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I did not pay for all of my own college but worked when I was not in school. Put my kids through college and paying for my grand kids to go to private Christian schools. Most of our friends did the same.

Haven't the lazy youngsters been claiming how they cannot afford a McMansion in an A++ school district out of college?

This economic collapse due to Boomers just may provide the solution they are asking for. The Boomers take to, and by selling off the dying off they govern.

How about you just say thank you to your favorite boomer and move on.

BTW - solid gen xer here. My parents wealth was / is theirs and I made my own after college, though eternally thankful for their preparing me for school and funding it. I was blessed.

What is going to wipe us out is medical costs, its just not sustainable.

FobTies said:

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A lot of speculation around a possible recession happening at worst time. But more impactilful than reduced personal consumption, is the disruption of the relentless 401K bid on the S&P.

The saving grace may be US leadership in an AI/Automation/Robotics boom.

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When an R is in office, the "recession is coming" flag is always raised.

This is just how it works.

And why would a recession be at the worst possible time?

Burpelson said:

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What is going to wipe us out is medical costs, its just not sustainable.

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You need to figure out where that money is going.

Someone is making money on all those increasing costs. Maybe you would vote differently if you figured out who is benefiting from those dollars versus who is calling to cut that spending.

Younger generation already has gamed the system with Bitcoin guaranteeing 100%+ annual returns and AI doing most of the work and will retire early living a life of luxury like those folks in Wall-E.

The 60/40 retirement portfolio isn't dead...but it also isn't the standard anymore either. I know a crap ton of boomers in the 65-70 age frame that have 70% equities split a little heavier to growth than dividend, no bonds to speak of, 20% rental properties free and clear and 7% cash that would pay their living expenses for three years during a recession. (And a few with ownership in cash cow liquor stores.) I also know plenty of retired boomers with less than 400 grand in "retirement accounts" but multiple millions in land, minerals and equity in homes that are way to big for them but they haven't decided to downsize yet but are thinking about it as they age. Sure there are quite a few boomers that will have to keep working because they didn't save and lived in debt...that's why you see 70 year olds working the cash register at the convencience store so often. Probably not what they wanted to be doing in many cases.