A recent article in RadioWorld stated that aging baby boomers, now defined as ‘Alpha Boomers’, still have much buying power. The article stated that 1 in 5 of the aging baby boomers, AKA, ‘Alpha Boomers’, still make $100,000 or more in the average household.
It also stated that despite the normal mindset, baby boomers are more educated than the younger generation and that nearly 70% are not yet retired.
The point that we are trying to get across here is that there are many aging baby boomers who are use to a relatively good standard of living. They do not want and will not give that up easily. This brings us back full circle. The economic down turn has brought about a certain amount of hoarding and a goodly amount of speculation. Gold is (more…)