Starting from 1/1/2011, 7000 babyboomers turns 65 every day.
babyboomers accounts for 70% of entire US assets.
babyboomers accounts for 30% of entire US populatin.
just like the way babyboomers made the historical changes to american society and stock markets when they jumped into workforce, they wil make similar gigantic impact on the society and stock markets when they exit workforce.
think about it. the one who will benefits babyboomers retirments are:
(1) travels
(2) warm area RE
(3) pharmaceutical
(4)long term care (10 years more later).
(5) financials.
....
