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] 2025 marks the year where Gen Z will outgrow Baby Boomers in the workforce, and Millennials and Gen Z soon will make up 75% of working professionals. Northstar Meetings Group
• The retirement of the baby boomer generation could lead to higher divestment over the coming years, although the impact on financial markets is likely to be limited. European Central Bank
• 55% of Generation X and baby boomers, 54% of millennials, and 49% of Gen Zers plan to remodel their bathrooms in 2025. This Old House
• Retiring Nurses: Approximately 34% of registered nurses are baby boomers, all of whom will reach retirement age by 2030. Brightstar Nursing Australia
• $3.5 trillion in assets will change hands by 2050, as baby boomers pass wealth to younger generations. ACRF
• 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

Last updated: 22 June 2025