The South remains the largest gainer in migration.

[SC Maintenance]

Ah okay, I only did a google of the Gen X ages and assumed 60 was an early retirement age.

Gen X is generally agreed to start in 1965. So yes, technically 60 would be starting to retire at the end of this year. However I don't think you will see many retiring. As a generation they made less, saved less, are less likely to have a pension, and full SS retirement age is 67. There also a much smaller generation.

Also, its not this hard line in the sand on age either. If you look within the boomer generation the younger the boomer, the more like Gen X they are regarding savings and wealth. So, your going to likely start seeing those demographics start playing out much sooner - meaning there will be far fewer early retirees, they will have less money to spend, etc.

 

[Hohn]

love it! Wyoming is holding steady at no population!

Unlike west TX, I’d move back to Cheyenne at the drop of a hat. Still have friends there and I loved the area. Coping with wind is something you have to manage, but it’s so worth it.

 

[slo town]

Ima waiting to find out where grandkids end up or Hawaii in 5 years or so

It is not so bad here on our property. In fact paradise for us but insane P word can just be too much.

Be very careful when considering moving from your little slice of paradise. Most times there is no coming back should you regret your decision.

Your yard and garden areas always look vibrant and happy. You would miss that!

Scott

 

[AKhan87]

Unlike west TX, I’d move back to Cheyenne at the drop of a hat. Still have friends there and I loved the area. Coping with wind is something you have to manage, but it’s so worth it.

Absolutely love it here, I have since 2013 when I moved here for College.

I love the weather and never had issues with the wind except when I was doing any fluid changes outside, I have always had sedans/coupes so never had an issues with windy days while driving.

unfortunately I work in IT, and remote jobs are almost non-existent and I might have to move soon.

 

[Wylie6G72]

love it! Wyoming is holding steady at no population!

This may be the one thing I miss about living there.

 

[AKhan87]

I really love small towns, as long as it has a Walmart for basic needs.

Very peaceful

 

[4WD]

BLUF: folks need to feed and shelter their families …

 

[alarmguy]

You have at least 5 more years of boomer retirement. They think last year might have been peak retiree, but they won't really know for a couple years at least.

GenX can't afford to retire.

I would disagree - GEN X is going to be the biggest beneficiary of Boomers wealth in history, never mind that GEN X benefited from growing up with the wealth thier parents worked for.

If GEN X can’t afford to retire, it’s because they wasted their earnings on things they could not afford by borrowing money or didn’t work hard enough. By far X benefited most out of any past generation and most likely future generations.
Most live in homes with luxuries and conveniences that their parents never had at their age. Nor drive the vehicles as well as recreational types of vehicles and services that their parents never had. Nor the entertainment/dining choices and extravagant costs that they willingly pay that their parents never had, the list goes on and on.

The above is just a generalization, of course without question there are many good young people in this country. It’s the land of opportunity and none better on planet earth.

It’s indisputable. There are literally search returns page after page from every publication and investment house in this country.

https://www.bankrate.com/investing/the-great-wealth-transfer/

https://fortune.com/2024/06/23/generation-x-great-wealth-transfer-inheritance-millennials/

https://www.aarp.org/money/personal-finance/generational-wealth-transfer/

https://www.fastcompany.com/9101652...some-gen-x-millennials-gen-z-are-getting-rich

 

[Pablo]

I would disagree - GEN X is going to be the biggest beneficiary of Boomers wealth in history, never mind that GEN X benefited from growing up with the wealth thier parents worked for.

If GEN X can’t afford to retire, it’s because they wasted their earnings on things they could not afford by borrowing money or didn’t work hard enough. By far X benefited most out of any past generation and most likely future generations.
Most live in homes with luxuries and conveniences that their parents never had at their age. Nor drive the vehicles as well as recreational types of vehicles and services that their parents never had. Nor the entertainment/dining choices and extravagant costs that they willingly pay that their parents never had, the list goes on and on.

The above is just a generalization, of course without question there are many good young people in this country. It’s the land of opportunity and none better on planet earth.

It’s indisputable. There are literally search returns page after page from every publication and investment house in this country.

https://www.bankrate.com/investing/the-great-wealth-transfer/

https://fortune.com/2024/06/23/generation-x-great-wealth-transfer-inheritance-millennials/


https://www.aarp.org/money/personal-finance/generational-wealth-transfer/

https://www.fastcompany.com/9101652...some-gen-x-millennials-gen-z-are-getting-rich

I believe the last line was in jest. Sort of blame the boomers rhetoric silliness

Good points from you

 

[alarmguy]

I believe the last line was in jest. Sort of blame the boomers rhetoric silliness

Good points from you

Yes, now that I think about it maybe but I don’t think so. I think I saw SC post about this before, but he’ll correct me if I’m wrong.

 

[alarmguy]

As far as migration, it better keep up here in the Coastal Carolina's.
I live in a county with like 40,000 residental building permits, fastest or 2nd fastest growing in the nation. I dont see how it can happen this fast. Literally must be close to 10,000 new residential housing under construction or breaking ground all at one time. Everywhere we look, 100's of acres cleared, utilities going in. I just dont know how sustainable. I suspect a needed break in the ever increasing costs is just starting to take place. I see massive communities just starting out with a full plate of model homes, that maybe the price point a bit too high. Are we are starting to see the overbuilding vs demand? I dont know, after all two family members from different sides of our families where just here looking, one is certain to buy, maybe this week. I never look to predict housing and it worked out very well for me in the late 90s early 2000s in my real estate practice.

The corporations picked up on it and its kind of needed. New Walmart Super center going in, Costco, Publix supermarket and smaller stores. Just breaking ground. There is literally nothing on RT 17 in this area, even gas stations are scarce.

Time will tell.

 

[SC Maintenance]

I would disagree - GEN X is going to be the biggest beneficiary of Boomers wealth in history, never mind that GEN X benefited from growing up with the wealth thier parents worked for.

If GEN X can’t afford to retire, it’s because they wasted their earnings on things they could not afford by borrowing money or didn’t work hard enough. By far X benefited most out of any past generation and most likely future generations.
Most live in homes with luxuries and conveniences that their parents never had at their age. Nor drive the vehicles as well as recreational types of vehicles and services that their parents never had. Nor the entertainment/dining choices and extravagant costs that they willingly pay that their parents never had, the list goes on and on.

The above is just a generalization, of course without question there are many good young people in this country. It’s the land of opportunity and none better on planet earth.

It’s indisputable. There are literally search returns page after page from every publication and investment house in this country.

https://www.bankrate.com/investing/the-great-wealth-transfer/

https://fortune.com/2024/06/23/generation-x-great-wealth-transfer-inheritance-millennials/

https://www.aarp.org/money/personal-finance/generational-wealth-transfer/

https://www.fastcompany.com/9101652...some-gen-x-millennials-gen-z-are-getting-rich

Every economist and demographer disagrees with you, but we have had this debate before.

The great wealth transfer will go to millennials. Even your links say that - well some are a bit wrong because they can't do math. I presume your kids are millennials - born on or after 1980? They will inherit boomer wealth. Peak boomer was 1957, so most of those kids were born >1980 - aka millennial. There is also some cross over of course, but for the most part boomers children are millennials. My parents were born during WW2.

When Gen X got into the workforce there was a massive plug of boomers that had all the senior / management spots - so upward migration was difficult for GENX just by the numbers. I migrated up. Most of my employees were boomers.

When 2008 happened GENX were the ones let go, boomers had seniority.

During ZIRP the boomers started with much higher savings to be levered up by the fed and zirp, while GenX was withdrawing their 401K to eat.

Its all timing, like most things in life. Sure some GenX have done very well. I have. But as a generation your completely wrong.

Feel free to tell me to get off your lawn now.

 

[zzyzzx]

Money is money if a state has no income tax they have to get the money from somewhere for city's with comparable amenities.

True. But a better way to think about it might be to look at spending per capita by state:

But this source is better because it gives actual figures:
https://www.kff.org/other/state-ind...g&sortModel={"colId":"Location","sort":"asc"}

As an example, you can see Florida at $5199 with NY at $11170 spending per capita annually.

 

[alarmguy]

Every economist and demographer disagrees with you, but we have had this debate before.
...Feel free to tell me to get off your lawn now.

Ahh yes... I thought we did. I only can read what is written in the links and I believe to be true.

The youth are living in the lap of luxury and if they cut it out, well, like you say, we have been down this road before... so PeAcE

However, in your post and your feelings on the subject it does acknowledge boomers had the upper hand and that will be left to the "X" class.
But bottom line is no one is owed anything in this world, except what they make of it themselves is my feeling. I could be an outlier I see my kids and those of my siblings kids and it's a pretty large group. After much hard work they by far have more wealth then I ever did at their age. "Millennials" and quite possibly now. Most of them were in the military or public service sector. Hard work, one of them invented something (keeping it general) that is now sold nationwide to agencies not public, its amazing in his early 40s and was going to sell (retire) but another bought into it and running it as siblings in addition to a specialized field one is in.

Another CEO of a company, another similar. .. Actually they have most likely I am sure as much as me in my retirement and most likely much more. I cant believe the homes they have and you have to believe, although myself and my siblings did ok for a living, I am quite sure all the kids far exceed what we ever had. So I guess this is what my posts are based on.

 

[SC Maintenance]

Ahh yes... I thought we did. I only can read what is written in the links and I believe to be true.

The youth are living in the lap of luxury and if they cut it out, well, like you say, we have been down this road before... so PeAcE

However, in your post and your feelings on the subject it does acknowledge boomers had the upper hand and that will be left to the "X" class.
But bottom line is no one is owed anything in this world, except what they make of it themselves is my feeling. I could be an outlier I see my kids and those of my siblings kids and it's a pretty large group. After much hard work they by far have more wealth then I ever did at their age. "Millennials" and quite possibly now. Most of them were in the military or public service sector. Hard work, one of them invented something (keeping it general) that is now sold nationwide to agencies not public, its amazing in his early 40s and was going to sell (retire) but another bought into it and running it as siblings in addition to a specialized field one is in.

Another CEO of a company, another similar. .. Actually they have most likely I am sure as much as me in my retirement and most likely much more. I cant believe the homes they have and you have to believe, although myself and my siblings did ok for a living, I am quite sure all the kids far exceed what we ever had. So I guess this is what my posts are based on.

Yes, but your talking micro. There are billionaires in 3rd world dumps. Your anecdotal data is of no macro value. Successful people will be successful.

The reality is that a average intelligence boomer could for the most part walk into a job with a pension, save some additional money on the side, retire with a gold watch and be fat dumb and happy in line at Golden Coral as we speak. That reality did not really exist for GenX as a whole. It does not mean there were not successful GenX people. Elon Musk is GenX.

Sad part is even half the boomers saved nothing. So how do you account for that? I actually pointed out here a month ago that the monthly fee for the black phone you had on your wall at 25, adjusted for inflation, was way more than an unlimited cell phone plan now - yet people like you keep making fun of young people for having cell phones?. So back at you. Did you overpay for a phone on the wall when you were 25? Then you wasted your money - by your own measure. Young people do that.

The question was "how will Gen X affect the retirement swings" and the reality is they have far less money, have saved far less money, and are a much smaller generation as well, so as a whole retirement boom thing is going to fizzle. Black rock has all these numbers.

 

[alarmguy]

...

Sad part is even half the boomers saved nothing. So how do you account for that? I actually pointed out here a month ago that the monthly fee for the black phone you had on your wall at 25, adjusted for inflation, was way more than an unlimited cell phone plan now - yet people like you keep making fun of young people for having cell phones?. So back at you. Did you overpay for a phone on the wall when you were 25? Then you wasted your money - by your own measure. Young people do that.

Getting a little personal I say? Yeah?
BTW- I bought my own phones back then and didnt pay the phone company fee for having one.
Making fun of young people with cell phones? A bit of a stretch I would say. However many can do without expensive phones and phone plans, as well as music services and others tied to them. Same with costly pay TV services and sports packages. They can do without new expensive cars with greater than 3 or 4 year loans, the list is endless. BTW - TVs adjusted for inflation are much cheaper today as well as all electronics, so let's not leave that out.

Nothing back at me, its all around you if you cant see it, the young live with far more luxury then in the history of mankind. Your turning this personal so I am out

 

[thastinger]

You have at least 5 more years of boomer retirement. They think last year might have been peak retiree, but they won't really know for a couple years at least.

GenX can't afford to retire.

The real boomers will be dead by then. IDK why they take that generation all the way to 64, IDT anyone coming back from WWII is having celebration kids 15 years after they got back.

 

[tmorris1]

love it! Wyoming is holding steady at no population!

That might be my retirement place. Mile long driveway with a gun turret at the end.

 

[supton]

IDK why they take that generation all the way to 64, IDT anyone coming back from WWII is having celebration kids 15 years after they got back.

It's a matter of finding things that happened in history that mark a significant change. People pre-WWII lived much differently than post-WWII. Around 1965 family planning became available, although I think other factors were piling up that also altered how people acted (music, another war, societal changes driven by distrust of government).

A bit too much is made of the generations, but, some of the stereotypes hit home and the blanket statements seem to ring true. Which is the point, identify periods of time (generations) that can have broad sweeping statements made about them, so as to better understand the population. Not an exact science.

Thought differently, it's just another topic to complain about, like the weather, sports, politics, you name it.

 

[SC Maintenance]

The real boomers will be dead by then. IDK why they take that generation all the way to 64, IDT anyone coming back from WWII is having celebration kids 15 years after they got back.

What your describing is the Hollywood depiction, although there is plenty of debate among economists on where the lines should be.

Economists use macroeconomic regimes to define generations - so Boomers simply grew up during the time when the US was the world's dominant manufacturing country / post WW2 boom, Gen X grew up during the high volatility / inflation of the 70's and early 80's, Millennials grew up at the dawn of the computer age before Y2K, and Gen Z grew up in a time where they likely could operate a mouse and a cell phone before riding a bike, and never knew a time when the internet didn't exist.

The demographics are useful to economists due to the generalities they can assign - ie most likely careers, most likely savings rate, education levels, etc. In the end each person is unique, so mapping those generalities to a unique individual is not necessarily correct.