Global Scans · Baby Boomers · Weekly Summary

WHAT'S NEXT?: Over the next 20 years, more than 70 million baby boomers will retire, and the workplace will be dominated by experienced Millennials and Generation Z employees. Find out how Baby Boomers expectations and needs will change as this massive demographic shift takes place.

• [New] Gen Z's share of private-label spending (18.4%) will surpass that (18.3%) of Baby Boomers by mid-2026. Empower
• [New] By the end of this decade, all baby boomers will be 65 and older, and the number of people 80 and over will double in 20 years. The Morning Call
• [New] The oldest baby boomers - once the vanguard of an American youth that revolutionized U.S. culture and politics - turn 80 in 2026. The Morning Call
• [New] The expected holiday spending among millennials will decrease by 1% from the year before, while Gen Xers and Baby Boomers plan to increase their spending during the winter holiday season. Webinterpret
• [New] As the baby boomer generation continues to age, however, the 80-and-over population will increase considerably from the mid-2030s, rising from 6.1 million in 2024 to around 8.5 to 9.8 million in 2050. Federal Statistical Office
• [New] The U.S. is projected to experience a continued registered nurse shortage as baby boomers age and require more care. WIFR
• [New] We believe that above-GDP growth in leisure travel in the developed world is being driven by the generational tailwinds of baby boomers' wealthy retirement and Gen Z fear of missing out. Firstlinks
• While Baby Boomers are expected to increase their holiday spending by 5% compared to 2024 levels, Gen Z is cutting back significantly and reducing their holiday budgets by 23%. Bryant News
• The children of boomers and older generations are staring down a record wealth transfer - $100 trillion by 2048. Business Insider
• The coming decades will see trillions shift from the Baby Boomer generation to their heirs, marking the largest wealth transfer in history. CIMMagazine
• By 2035, the entire baby boomer generation will be older than 65 and there will be more adults over age 65 than children younger than 18. PubMed Central (PMC)
• $84 trillion is anticipated to pass down from seniors and baby boomers to Gen X, millennials, and Gen Z by 2045. Fortune
• Ageing baby boomers in developed countries will drive much of the demand for long-term care insurance in the coming years. Credence Research
• Travel plans are subject to the effect of global events, with 71% of Boomers stating that the ongoing Russia-Ukraine war could influence their choices regarding international travel. Electro IQ
• As baby boomers pass on their wealth to younger generations, an unprecedented amount of capital is expected to change hands over the next few years. UMA Technology
• By 2035, only ten years away, every Baby Boomer will be aged over 70. Resthaven
• By 2050, when all the surviving baby boomer generation is 85 or older, the percentage of Canadians over 65 living with dementia is expected to increase to 13.2% (Table 2). Alzheimer Society of Canada
• In 2030, the entire baby boomer generation will be 65 and older, and by 2034, older adults will outnumber children for the first time in American history. Brookdale Senior Living
• In 2026, the oldest baby boomers will begin to turn 80. SLF Investments
• The baby boomer generation includes 73 million Americans, all of whom will be over age 65 by 2030, intensifying demand for age-appropriate, evidence-based exercise options. Newswise
• By 2030, the U.S. is projected to face a shortfall of millions of workers as 30.4 million peak boomers will reach retirement age and 9.5% of the workforce will be 65 or over. Medium
• Within the next 10 years, baby boomers will likely retire and be unable to afford the higher cost of airfare. Yahoo Finance

Last updated: 28 December 2025