How to Money · Wednesday, July 8, 2026
The Baby Boomer generation is increasingly working past traditional retirement age, which has mixed economic impacts. While it helps alleviate worker shortages, it also contributes to a bottleneck in the housing supply as boomers remain in their homes longer. Additionally, many are working longer out of financial necessity due to insufficient retirement savings.
“So there's both good and bad impacts of that. So one clear good thing is then yeah, we don't have as much of a worker shortage. There's you know, people are working for longer because they're living longer, they're healthier for longer. The downside of that we've seen in the housing supply because boomers are not selling their houses it's seventy like previous generations might have.”
“Also kind of negative news, a lot of boomers are working longer because they have to. They just don't have enough saved up for retirement.”
“And I think that, combined with a lot of other statistics, really go against the again popular narrative that boomers are all rich and doing really well, when in fact there is a lot there are a lot of boomers who are not doing well, particularly those who did not get a college education.”