As a group they have many faults. In fact the end of American values, cultural, economic and military superiority, can be laid at the feet of the Baby Boomer generation. If you want to take it all the way, the world wide the post WWII generation and their ideas on how to run society, will be the single largest factor in the end of Western Civilization as we know it. Capitalism will face its largest threat from their attempts to vote themselves a secure retirement. Social Security and Meidcare will destroy the American economy as the boomers do what they have always done best, whine and expect someone, preferably a government bureaucrat, to fix the situation for them. After all they deserve it.
There is however a silver lining, and perhaps a gold one too. Over the next 30 to 50 years the Baby Boomers are going to die. In the US thats 76 Million deaths, minimum. Todays average funeral costs over $10,000. So, not accounting for price increases, thats at least a $730,000,000,000 industry, spread out over the next 50 years or so. An industry that BTW has very attractive profit margins. My challenge to ya'll, what companies and/or mutual funds are in the best position to profit form this trend?
BTW:
This post is for entertainment and general information only. I'm not looking to violate any SEC rules, be they real or imagined. I'm not promoting or suggesting anyone should buy any particular investment. My purpose is to look at a major market trend based on what I see happing in a demographic trend.
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