Baby Boomer Demographics, Household Formation and the Hoax Economy

The period of wealth consumption now underway will resemble from a demographic context the period ‘67 to ‘81-’86. However, this time around the Boomer cohort is much larger as a share of the population and persisted 35-40% longer on a peak basis than the “GI Generation” whose birth peak occurred in the early to mid-1920s; and the same applies to the Boomers vs. the peak “Millennials” (born ‘78 to ‘90-’93) who make up half the size of the population vs. Boomers.

The other obvious difference today is the massive debt overhang occurring concurrently with peak Boomer peak demographic drag effects AND Peak Oil.

There is no historical or demographic precedent in modern western history for what we face. One has to go all the way back to the Middle Ages to find anything remotely similar in terms of scale of combination of resource depletion, population constraints, risk of large-scale pandemics, and climate change.

Moreover, the level of economic, social, and political complexity (and cost) was a fraction of what we have today.

Market Oracle