1 00:00:00,320 --> 00:00:04,800 Speaker 1: So Business Insider says that the baby boomers are essentially 2 00:00:04,880 --> 00:00:05,920 Speaker 1: clogging up America. 3 00:00:06,559 --> 00:00:08,920 Speaker 2: Shocker, let's get into this. This is fascinating. 4 00:00:09,039 --> 00:00:11,160 Speaker 1: It's kin on the Casey Show. I'm Rob Casey's out today. 5 00:00:11,160 --> 00:00:13,800 Speaker 1: Ethan's in FORO Casey. It is his birthday by the way. 6 00:00:14,600 --> 00:00:17,000 Speaker 1: Uh so, happy birthday to Ethan Hatcher. 7 00:00:16,680 --> 00:00:17,720 Speaker 2: Thirty three years young. 8 00:00:17,880 --> 00:00:21,000 Speaker 1: So the official title of this article is baby Boomers 9 00:00:21,000 --> 00:00:23,720 Speaker 1: have turned into generation can't let Go. 10 00:00:24,600 --> 00:00:26,639 Speaker 2: And what they're talking about is. 11 00:00:26,600 --> 00:00:32,920 Speaker 1: How many people, unlike previous generations, are struggling to move 12 00:00:33,040 --> 00:00:36,800 Speaker 1: forward in various aspects of society. Because people from the 13 00:00:36,880 --> 00:00:40,000 Speaker 1: baby Boomer years, which is described as forty six to 14 00:00:40,080 --> 00:00:42,400 Speaker 1: sixty four. So if you were born between forty six 15 00:00:42,479 --> 00:00:44,920 Speaker 1: and sixty four, so the low end of that would 16 00:00:44,920 --> 00:00:48,080 Speaker 1: be early sixties, the upper end of that would be 17 00:00:48,440 --> 00:00:51,640 Speaker 1: almost eighty years old now. But they said, so many 18 00:00:51,680 --> 00:00:55,200 Speaker 1: of these these baby boomers have not exited the. 19 00:00:55,200 --> 00:00:58,160 Speaker 2: Workforce or various roles. 20 00:00:57,760 --> 00:01:04,160 Speaker 1: In society that the people are struggling to move up 21 00:01:04,800 --> 00:01:07,160 Speaker 1: until these baby boomers move out, they have been the 22 00:01:07,240 --> 00:01:11,080 Speaker 1: bane of the millennial generation for going on thirty years now. 23 00:01:11,120 --> 00:01:12,880 Speaker 2: They just refuse to leave. 24 00:01:12,959 --> 00:01:15,880 Speaker 1: And that because that's because they have all their grubby 25 00:01:15,920 --> 00:01:18,640 Speaker 1: little hands over the levers of power, whether it's government, 26 00:01:18,680 --> 00:01:21,640 Speaker 1: whether it's equity, whether it's a private business. 27 00:01:22,120 --> 00:01:24,319 Speaker 2: You're right, they just they won't go away. 28 00:01:25,800 --> 00:01:29,520 Speaker 1: So then the question becomes what do you do about it? 29 00:01:30,120 --> 00:01:31,560 Speaker 2: And part of you. 30 00:01:31,520 --> 00:01:34,520 Speaker 1: Would say, well, they must be doing sort of an 31 00:01:34,560 --> 00:01:37,120 Speaker 1: okay job if people keep whether it's elect because what 32 00:01:37,160 --> 00:01:37,720 Speaker 1: have you had? Now? 33 00:01:37,720 --> 00:01:38,240 Speaker 2: You had. 34 00:01:39,680 --> 00:01:44,800 Speaker 1: Clinton was the first baby boomer president. You had Bush 35 00:01:45,120 --> 00:01:47,000 Speaker 1: after that, who is a baby boomer president. 36 00:01:48,000 --> 00:01:49,280 Speaker 2: Then you had Obama, who was not. 37 00:01:49,480 --> 00:01:52,240 Speaker 1: Then you had Trump, who was Biden who is not 38 00:01:52,280 --> 00:01:53,760 Speaker 1: in the trumpet, Like, I mean, they're all over that. 39 00:01:53,920 --> 00:01:56,200 Speaker 1: Biden so old he was I think outside of the 40 00:01:56,200 --> 00:01:56,880 Speaker 1: baby boomer. 41 00:01:56,920 --> 00:01:58,480 Speaker 2: I was about to say, it's not because he's too young. 42 00:01:58,600 --> 00:02:01,240 Speaker 1: Yeah, generation, But yeah, I mean, you've had people that 43 00:02:01,320 --> 00:02:04,600 Speaker 1: keep electing these people to run society. You have corporations 44 00:02:05,120 --> 00:02:10,359 Speaker 1: that keep these people atop the food chain. It has 45 00:02:10,440 --> 00:02:13,880 Speaker 1: to be performance driven in you know, at least, well, 46 00:02:13,919 --> 00:02:16,000 Speaker 1: I'm saying in the case of running a company, you know, 47 00:02:16,120 --> 00:02:17,799 Speaker 1: those people are there to make money and some. 48 00:02:17,800 --> 00:02:19,040 Speaker 2: Kind of they own the company. 49 00:02:19,320 --> 00:02:21,920 Speaker 1: Well, but I'm saying these you know, these Wall Street 50 00:02:21,960 --> 00:02:24,519 Speaker 1: type you know fortune five hundred places to have baby 51 00:02:24,560 --> 00:02:28,079 Speaker 1: boomers running the show. The biggest issue though in this article, 52 00:02:28,080 --> 00:02:30,799 Speaker 1: which is fascinating to me, is they're talking about how 53 00:02:30,840 --> 00:02:35,280 Speaker 1: baby boomers seem to not be willing to sell their homes. 54 00:02:35,440 --> 00:02:40,880 Speaker 1: Sure that multiple homes okases multiple homes, Yes, And because 55 00:02:40,919 --> 00:02:44,880 Speaker 1: of that, like where you've had previous generations, Hey, I'm 56 00:02:44,960 --> 00:02:47,240 Speaker 1: downsizing and I'm you know, moving to so and so. 57 00:02:47,560 --> 00:02:50,760 Speaker 1: Part of that probably is though that homes are so expensive. Now, 58 00:02:51,040 --> 00:02:53,880 Speaker 1: if you've been in a home for thirty forty years, 59 00:02:54,680 --> 00:02:56,919 Speaker 1: you'd probably be a fool to actually sell it unless 60 00:02:56,919 --> 00:02:59,600 Speaker 1: there's something else you really wanted, because you probably own 61 00:02:59,600 --> 00:03:02,160 Speaker 1: it out right, and what would cost to replace anything 62 00:03:02,200 --> 00:03:03,760 Speaker 1: close to that is going to be more expensive than 63 00:03:03,760 --> 00:03:06,639 Speaker 1: what you probably got. And so I think the economy 64 00:03:06,639 --> 00:03:08,200 Speaker 1: has played as much a role in as the baby 65 00:03:08,280 --> 00:03:09,280 Speaker 1: boomers just being. 66 00:03:09,120 --> 00:03:09,919 Speaker 2: Sticks in the mud. 67 00:03:10,200 --> 00:03:14,600 Speaker 1: This is a temporary frustration at best. Rob asked not 68 00:03:14,720 --> 00:03:17,280 Speaker 1: for whom the bell tolls, because eventually it will toll 69 00:03:17,360 --> 00:03:21,440 Speaker 1: for the what Look, the clock is gonna run run 70 00:03:21,480 --> 00:03:25,680 Speaker 1: out eventually, and millennials are going to be the beneficiaries 71 00:03:25,720 --> 00:03:30,480 Speaker 1: of the largest economic transfer of wealth in US history. 72 00:03:30,840 --> 00:03:33,880 Speaker 2: Nobody talks about X. You ever noticed that? Yeah, they're 73 00:03:33,919 --> 00:03:37,200 Speaker 2: the forgotten generation, like it just it skips. 74 00:03:37,560 --> 00:03:39,280 Speaker 1: People always talk about the boomers. 75 00:03:39,480 --> 00:03:41,720 Speaker 2: They were eclipsed by the boomers. I feel sorry for 76 00:03:41,800 --> 00:03:45,840 Speaker 2: Gen X. Yeah, yeah, you're right, because what the low 77 00:03:46,200 --> 00:03:47,800 Speaker 2: is it? Eighty or eighty one? 78 00:03:48,160 --> 00:03:51,760 Speaker 1: So X is basically like sixty five to eighty or 79 00:03:51,760 --> 00:03:54,320 Speaker 1: eighty one, I think is the number. 80 00:03:54,920 --> 00:03:57,040 Speaker 2: What came after Gen X? I thought that was millennial. No, 81 00:03:57,080 --> 00:03:59,640 Speaker 2: that's millennials, That's what I'm saying. So millennials started in 82 00:03:59,640 --> 00:04:02,680 Speaker 2: the nine then. So no, no, no, no, no, no no no no. 83 00:04:02,800 --> 00:04:05,480 Speaker 2: CAV looked that up. The millenia. No, no, no, no, the millennium. 84 00:04:05,480 --> 00:04:09,040 Speaker 2: I am a millennial. I'm a millennial. You're yes, it's 85 00:04:09,040 --> 00:04:10,520 Speaker 2: a wide look that up. 86 00:04:10,600 --> 00:04:13,520 Speaker 1: Mooronnails are nineteen eighty one to nineteen ninety six. 87 00:04:13,680 --> 00:04:15,840 Speaker 2: Thank you. We don't argue with me on my own show. 88 00:04:16,160 --> 00:04:19,520 Speaker 2: What are you doing, Ethan? Come on? Yeah, yeah, right's wrong. Look, 89 00:04:19,520 --> 00:04:20,960 Speaker 2: I thought millennials are nineties. 90 00:04:21,000 --> 00:04:23,320 Speaker 1: So you think about somebody on the low end of 91 00:04:23,360 --> 00:04:27,960 Speaker 1: that is in their mid to upper forties. Now, if 92 00:04:27,960 --> 00:04:30,680 Speaker 1: you're if you're on the low end of X, and 93 00:04:30,720 --> 00:04:32,320 Speaker 1: if you're on the high end of X. You're sixty 94 00:04:32,360 --> 00:04:35,839 Speaker 1: years old, so you're right. The clock is ticking in 95 00:04:35,920 --> 00:04:39,039 Speaker 1: terms of the ability to elevate yourself or move forward. 96 00:04:39,560 --> 00:04:44,520 Speaker 1: And by your analysis, you're right. The biggest beneficiary probably. 97 00:04:44,200 --> 00:04:46,440 Speaker 2: Won't be X. It will be the next generation. You see. 98 00:04:46,440 --> 00:04:49,960 Speaker 1: Like as the dour atheist, I can afford to be grim. 99 00:04:51,440 --> 00:04:54,120 Speaker 1: That's my job here. We're going to keep working on you, Ethan. 100 00:04:54,480 --> 00:04:55,800 Speaker 1: I'm not giving up on you yet