Jefferies: Baby Boomers Will Spend Their Retirement Money on Golf and Travel
Go long cruises and caddies.
This may or may not be a baby boomer golfing.
Photographer. Patrick T. Fallon/BloombergThis article is for subscribers only.
While analysts obsess over how the preferences of the millennials could shape market returns as they enter the workforce, Jefferies sets its sights on how the baby boomers – a generation with one foot out the door of the labor market – will alter their spending once they retire.
The boomers aren’t as large a cohort as the millennials by sheer numbers, the Jefferies analysts say, but what they lack in size, they more than make up for in wealth: