I've done this math before. The oldest boomers are 75 years old and life expectancy is 79, with a standard deviation of 15 years. There are 71 million boomers alive right now. Nearly all will be dead in 19 years, or by 2040. That's a flat average of 3.7 million boomer deaths each year. Boomer deaths are on the upswing now and will peak in 2025.
My prediction: lots of reverse mortgages. Boomers are the largest landowners (nearly 80%) while only being about 1/5th of the population. They've been selling too each other for decades and pricing out new buyers. This comes to a head within 4-8 years and the government decides whether to auction it all back to the people or become the biggest property management company in the world.
I've done this math before. The oldest boomers are 75 years old and life expectancy is 79, with a standard deviation of 15 years. There are 71 million boomers alive right now. Nearly all will be dead in 19 years, or by 2040. That's a flat average of 3.7 million boomer deaths each year. Boomer deaths are on the upswing now and will peak in 2025.
My prediction: lots of reverse mortgages. Boomers are the largest landowners (nearly 80%) while only being about 1/5th of the population. They've been selling too each other for decades and pricing out new buyers. This comes to a head within 4-8 years and the government decides whether to auction it all back to the people or become the biggest property management company in the world.
Good one!
P good