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] Baby Boomers are expected to spend more over the next decade compared to Millennials and younger generations who are forecast to experience a decline in spending. EarthWeb
• Between 2025 and 2030, all Baby Boomers will be age 65 and over; afterward, the growth in the older population as a percentage of the overall population is projected to slow. The Financial Brand
• An economic transition is underway as an estimated $70 trillion in assets is projected to transfer from baby boomers to younger generations globally. Insurance Business
• By 2035, workplaces would most likely have five generations under one roof - Boomers, Gen X, Millennials, Gen Z, and Gen Alpha. Online Manipal
• The share of Gen Zers in the US workforce recently surpassed that of baby boomers, and Gen Zers are expected to account for more than a quarter of the global workforce in 2025. Yahoo Tech
• Gen Zers, millennials and Gen Xers are all more likely than baby boomers to say they will spend more on travel in 2025 than they have in years past (52%, 59% and 51% versus 43%). The Points Guy
• Gen Zers, millennials and Gen Xers are all more likely than baby boomers to plan to travel for an event in 2025 (44%, 54% and 40% versus 23%). The Points Guy
• Over the next two decades, an estimated $84 trillion will transfer from Baby Boomers to younger generations including Millennials and Gen Z, marking the largest wealth transfer in history. DC Bank
• The Census Bureau forecasts a steady slowdown in national population growth, which it attributes largely to the combination of declining fertility rates and rising death rates as baby boomers age. The Pew Charitable Trusts
• A great wealth transfer is underway, and over the next 20 years, an estimated $84.4 trillion in assets will be passed down from the Silent Generation and baby boomers. Government Executive
• The United States is anticipated to face a growing shortage of Registered Nurses, driven by the ageing Baby Boomer population and the increasing demand for healthcare services. The BridgeWay Firm
• The demographic tailwind from the ageing baby boomer population is expected to increase demand for long-term and post-acute care, which could drive revenue growth for Healthcare Services Group in the coming years. Simply Wall St
• Gen Z is expected to overtake baby boomers in the full-time workforce by the end of 2025 - and represent nearly a third of the global workforce by 2030. Articulate
• The oldest Baby Boomers are starting to reach 80 years of age, and the U.S. population will continue to age at a rapid pace in the coming decades. Sheppard Mullin Richter & Hampton LLP
• The UK is about to witness a Great Wealth Transfer, where an estimated £5.5 trillion is set to pass down from Baby Boomers to Millennials and Gen Z by 2045. The Financial Services Forum
• The silver tsunami of retiring Baby Boomers is still on the horizon, with 4.4 million people expected to reach retirement age every year from now through 2027. Extu
• The number of Britons reaching 100 years old - once a rare achievement - could stand at a quarter of a million by then, with the baby boomers still going strong. Yahoo News
• Gen Z will outnumber Baby Boomers in the professional workforce in 2025, and that, together, Gen Z and Millennials will make up 75% of working professionals. Smart Meetings
• By 2030 all baby boomers will be older than 65, expanding the size of the older population so that 1 in every 5 residents will be retirement age. Brightstar Nursing Australia
• By 2030, all Baby Boomers will be age 65 or older, and by 2034, the U.S. Census Bureau projects that there will be more adults in the U.S. than children. ImproveIt Home Remodeling
• Gen Z employees will outnumber boomers in the workplace in 2024 and comprise 30% of the workforce by 2030. Fortune
• By 2030, all baby boomers be older than 65, expanding the size of the older population so that 1 in every 5 residents be at retirement age. Verified Market Research

Last updated: 11 May 2025