Bestselling author and geopolitical strategist Peter Zeihan warns that the U.S. faces multi-trillion-dollar deficits due to baby boomers. With 70 million boomers and 65 million Gen Xers, the strain on government finances is increasing as boomers retire. The deficit is projected to reach $1.9 trillion in 2025, posing long-term financial instability.
As boomers retire, Gen X will dominate the economy temporarily. However, millennials, the largest U.S. generation, will push for budget reforms, leaving Gen X to foot the bill. Zeihan advises Gen X to take advantage of the financial opportunities while they can, as millennials will eventually demand balance in the budget.
Zeihan highlights that Gen X is becoming “capital rich,” controlling property and the stock market. However, investing in real estate or stocks can be accessible to any generation. Platforms like First National Realty Partners offer investment opportunities in high-quality properties, while investing in an S&P 500 index fund provides exposure to America’s largest companies.
For those interested in investing, platforms like Acorns offer a simple way to start. By rounding up purchases to the nearest dollar and investing the difference, individuals can begin building a diversified portfolio with as little as $5. Seeking advice from financial advisors like Advisor.com can help align investments with specific goals and risk tolerances.
Read more at Yahoo Finance: Geopolitical expert Peter Zeihan links boomers to US deficits