As the Magnificent 7 tech stocks and home prices grind higher, there has been a massive surge in the number of Americans taking early retirement. Bloomberg has coined this phenomenon the “Great Retirement Boom.”
A model designed by economist Miguel Faria-e-Castro at the Federal Reserve Bank of St. Louis shows the US has around 2.7 million more retirees than initially forecasted.
Notice that the number of retirees in the US has surged beyond expectations.
This trend emerges as retirement savers pile into tech stocks (we’ve asked: Is this a good idea?).
A recent Bloomberg Markets Live Pulse survey showed about half of the retirement savers were buying stocks as a direct response to soaring prices – far surpassing the 6% who said they had added the traditional inflation hedges.
The latest expectations for interest-rate cuts from the Fed this year have fueled the artificial intelligence bubble – with signs of Dot Com lurking in markets.
Or 1930s…
Maybe it’s different this time.
According to Bloomberg, soaring stocks are already “convincing those already retired they needn’t return to the workforce.”
Unless the Fed is committed to a never-ending program of zero interest rates and quantitative easing… Then, retirement savers have nothing to worry about. However, when the financial elites prick the bubbles through a prolonged tightening cycle, we’ll see some those retirees return to the workforce as Walmart greeters.
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If you believe Ed Dowd, this is not so much a “happy retirement” boom but a “forced stop-to-work due to strange debilitating symptoms after the magic juice” boom.
Yeah the pandemic forced many to retire, lost jobs, clot shots and mask mandates.
And many have retired in a wood tuxedo, thereby saving on social security, pensions, and vested savings.
Bill from the Gates of Hell and some of his cronies said that this was going to be necessary for US to survive the ‘future’ … and they did it to US with a vengeance …
Plus, they don’t care about the US. They refer to their own survival. Gates is a stakeholder in the Svalbard seed vault.
Also, some of us retired (again) to stop feeding the beast with tax money.
I stopped feeding the beast large sums 22 years ago. Don’t have a huge amount but get by good enough. 22 years without a boss makes life good.
Ding, ding, ding!
Uh huh, uh huh, uh huh. I’m still waiting to walk down Rodeo Drive and pick out all my new clothes, my Lamborghini and mansion in the Hollywood hills…
FOR FREEEEEEEEE
It’s gonna be more like Gone With the Wind than Zombieland.
Can they please hurry up and retire and decide to downsize and all put their houses on the market and trigger a housing crash…c’mon….do it.
8 million illegals will prevent a housing crash. Expect government mandates on who you can sell your house too soon.
Imagine how much housing would be freed up for US if we didn’t have more than 65,000,000 illegal aliens in the United States …
https://armageddonprose.substack.com/p/covid-propaganda-roundup-the-granny
COVID Propaganda Roundup: The Granny Holocaust Chronicles
The great thing about seeing ZeroHedge articles on TBP is that I can comment on them without being banished for speaking freely.
Go fuck yourselves Tylers!
Wow, dig the DVs . . . looks like faggot Blue Apples from ZH reads TBP.
Perspective, my man. I been where you’re at, and here’s the thing. For them, it was never personal. You have to expect that sort of thing from ANY group of profession dicks. Let God hurt them. You’re only hurting yourself at this point.
So reports of retirees needing to go back to work because of inflation and now reports of the economy is so good people can retire early.
Something doesn’t add up.
It’s not all one or the other.
Glock doesn’t know any retirees who are Walmart greeters.
Maybe just maybe it’s as simple as the economic down turn is forcing retirement.
The fact that nothing adds up is the only thing that does add up these days.
In the late 90s I was shipping on the Great Lakes. A number of folks took retirement and commuted their pensions. Sunk it into stocks, Dot Com bust happened. Most of those folks were back working.
THE “BOOMER’S” ARE NOT THE PROBLEM FOLKS…YIKES!!!
ITS THE “BANKOHOLIC’S”…REMEMBER???
THERE IS “NO-DEBT” THAT IS “LEGITIMATE”!!!
You need to join an apostrophe addict 12-step program, capslock boldface shithead.
Apostrophes, i.e. ‘ are used as a substitute for another letter, as in “wasn’t” instead of “was not” (the ‘ replaces the “o” in “not”). Plurals such as BOOMERS and BANKAHOLICS do not require an apostrophe, because there is no letter missing.
You will continue to be DV’d until you stop yelling…
And I, for one, will not read anything you have to say.
Early retirement?
Fuck that. They stole my money, I want it back.
Retire and go find it, tough guy. Or stand in line like the rest of us.
Everybody is correct,outstanding!Rare is it the commenters chip in such a salient way……
E.all the above
Collapse it from the inside!…..
Well, I got here late so I might have fucked that up for you. It was not intentional.
I’m not going to continue working to make someone else happy. For some working is very hard with health problems and being out of debt makes it possible to retire. Homes and vehicles, do you own them or do they own you? Go learn a trade and work for forty-plus years and then you can comment about people retiring.
I’d bet a lot of these retirements were due to the Covid shot mandates when those that could financially afford to decided to say ‘fuck it’ and retired instead of getting jabbed. I was ready to do so in 2021 but I got a religious exemption so I’m still working, at least for another year anyway.
Bingo! No clot shot.