‘The golden years are not golden’: Boomers are hoarding most of America’s wealth and power because they’re terrified of outliving their money

Baby Boomers hold significant wealth and power in America but many are financially unprepared for retirement, facing anxiety over outliving their savings. Structural issues like housing affordability and economic mobility challenges, combined with health risks and market uncertainties, trap many Boomers in unaffordable homes and jobs they cannot quit.