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] By 2030, the last baby boomers will turn 65, triggering a wave of retirements from the largest cohort in the workforce. Fortune
• By 2030, every single Baby Boomer will be over 65. NSS USA
• The baby boomer owners of about six million American small and medium-sized companies will retire between now and 2035. BBC News
• Roughly half of Gen Z consumers and 43% of millennials plan to take a trip over Memorial Day weekend, compared to 29% of Gen X individuals and 21% of baby boomers, the PwC poll found. Yahoo Travel
• The Great Wealth Transfer is the projected shift of $84 trillion in assets from baby boomers to younger generations by 2045. SeniorSite
• By the year 2030, as America's baby boomers enter their seventies and eighties, health spending will top $16 trillion, or 32% of GDP. PubMed Central (PMC)
• The oldest Baby Boomers will turn 80 in 2026, with the U.S. octogenarian population on track to more than double by 2040. Brookfield
• CMS projects national health spending will grow 5.8% annually through 2033, reaching $8.6 trillion (20.3% of GDP), led by a 7.8% annual increase in Medicare spending as the last baby boomers enroll in 2029. MavenEdge Finance
• Over the next decade, millions of small and midsize businesses will face ownership succession decisions as baby boomers retire, representing trillions of dollars in enterprise value and millions of jobs tied to organizational continuity. / USA American Society of Employers
• In 2026, approximately 4 million baby boomers will turn 80, a number that is expected to double over the next two decades. Dignity Alliance
• The last baby boomers are reaching retirement age, and labour shortages are expected to increase in the coming years. RankiaPro
• The needs of individuals with chronic conditions and aging baby boomers are expected to continue driving significant employment growth in health care through 2030. American Hospital Association
• Saskatchewan's $819 million stems from a long-anticipated challenge that governments have yet to fully address: the growing cost of medical care as baby boomers age. Generation Squeeze
• In 2026, the oldest baby boomers will turn 80 - an age at which healthcare spending increases significantly. RankiaPro
• By 2030, every Baby Boomer in America will be over 65. The Citizen
• Over the next two decades, approximately $84 trillion will transfer from baby boomers to younger generations. Matt Britton

Last updated: 19 July 2026