Boomers fuel bitcoin surge
Understanding what motivates and inspires Boomers and Gen X
“Combine nursing homes with nursery schools. Bring very old and very young together: they interest one another.”
– John Cage
Boomers fueling bitcoin surge
Bitcoin has rallied to a two-year high breaking above $66,000 as a wave of money carried it within striking distance of record levels. Bitcoin hit a record $68,999.99 in November 2021.The largest cryptocurrency by market value has gained 50 percent this year and most of the rise come in the last few weeks where inflows into US-listed bitcoin funds have surged. Spot bitcoin exchange-traded funds were approved in the United States earlier this year. These have allowed baby boomers to invest since they can be bought using traditional brokerage accounts. Baby boomers are key to the rise in bitcoin, experts say.
Young people becoming less happy than older generations
Young people are becoming less happy than older generations as they suffer “the equivalent of a midlife crisis,” global research has revealed as America’s top doctor warned that “young people are really struggling”. Dr. Vivek Murthy, the US surgeon general, said allowing children to use social media was like giving them medicine that is not proven to be safe. He said the failure of governments to better regulate social media in recent years was “insane.”
A new worry for people getting divorced after 50? Where to live in a tight housing market.
Household shake-ups are nothing new to the baby boom generation. And there's a rising trend of divorces among people 65 and older, with the number tripling between 1990 and 2021, according to a report from Bowling Green State University's National Center for Family and Marriage Research. As that trend dovetails with Peak 65, it will affect things like how people navigate long-term care, whether and how different generations of families live together, the pressures on financial systems such as Social Security - and the cost of housing.
‘Boomer nation' runs the US, and investors should focus on 3 sectors to capitalize
They have a lot of cash to spend, they don't have expensive mortgages, or maybe even no mortgage at all, and they make up a huge chunk of US stock owners. They're the baby boomers. And with consumers driving the US economy, it's worth paying attention to how the older generation is spending their wealth, a hedge fund manager said. In a CNBC interview, David Neuhauser of Livermore Partners said you need to look at the boomers to see where the stock market rally is broadening out to. "A lot will be determined in terms of the consumer, that's who is leading the charge," he said. "It's the boomer nation. The boomers that are spending money, that have wealth, that are tied to fixed-rate mortgages. As long as that continues the markets could continue to do well."
Down on the farm, granny rappers drop the beat
A group of South Korean octogenarian rappers have hit it big in their hometown and beyond, rapping about farm life and bringing energy to a quiet rural area threatened by a population slump. Suni and the Seven Princesses have become local celebrities since debuting in a community centre in August last year in Chilgok county, an area in North Gyeongsang province more than four hours drive from capital city Seoul."It feels like I'm getting younger ... Even if I'm old, I'm excited," said Park Jeom-sun, 81, leader of the group and known as Suni.
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