The hope of avoiding a recession in the US heated up this year despite interest rates skyrocketing over the past 18 months.
They also have more of a buffer than from the economic impact of inflation and higher interest rates than younger generations.
AdvertisementAdvertisementWhile high interest rates and soaring prices for homes in recent years are terrible for young buyers, they are increasing the wealth of older Americans.
Lance McMillan/Toronto Star via Getty ImagesMeanwhile, higher rates are helping older Americans grow their wealth in other ways.
So older Americans who, in the past, would have been forced to sacrifice higher returns for safer investments can now get both.
Persons:
boomers, —, Taylor Swift, Tim Robberts, Ed Yardeni, Yardeni, they'll, they've, Lance McMillan, Neil Howe, demographer, Howe
Organizations:
Boomers, Service, Census Bureau, Labor, Images, Yardeni Research, New, Toronto Star, Getty, Treasury
Locations:
New York