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Your 60-second money minute. Today's topic: Over 65'ers Own The Economy
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Your Money Minute — Over 65'ers Own The Economy 3/11/26. Machine-transcribed; use the interactive transcript above to jump the player to any line.
With a CNBC, your money minute, I'm Jessica Edinger. While the country is dealing with a weaker labor market, housing affordability and soaring household debt, there's one group that's enjoying the best years of their lives financially. Seniors, take a look at this headline in the Wall Street Journal. Over 65, congratulations. You own the economy. That's CNBC's Kelly Evans, the elderly are physically and financially healthier than ever. Here's Kelly with the Wall Street Journal's Greg Ipp. Take an aging population and you multiply it by an epic 40-year boom in asset prices. This is what you get. A massive amount of wealth in the hands of the people who are now retired. Which is part of the boring 20s thesis that the boomers are going to have all of this capital, all this wealth to spend and that's going to support the economy. The problem is the US isn't replacing its population. People aren't having kids like they used to and the US isn't letting people in like it used to. Here's Greg Ipp with CNBC Senior Economics reporter Steve Leesman.
Their numbers are just not going to be large enough to support all the promises we've made to the elderly. And that again, it's just the arithmetic fertility rate keeps dropping. We've climbed down an integration. We cannot solve this problem without immigration. And I think we've made it potentially worse with the immigration rules that will limit the number of people coming in. The full story is in the Wall Street Journal and the full on camera chat is at CNBC.com. I'm Jessica Edinger, CNBC. This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and subscribe at Schwab.com slash Market Update Podcast or find Schwab Market Update wherever you get your podcasts.
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