The article I swiped this from suggests we can't have a prolonged recession because this 75 trillion is coming back into the economy in the next 20 years as the majority of Boomers retire or pass. The US government injected 2 trillion into the economy during Covid and it sparked an incredible market rally. That figure is absolutely dwarfed by Baby Boomer savings.
*For reference, there are 76 million Boomers and 73 million Millennials.
https://fortune.com/2023/06/29/recession-ed-yardeni-consumer-spending-baby-boomers/
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