Bummer Boomer. Having A Bad Day?

[BackAgain]

I could say I feel bad for you; but I don't. I'm neither a Boomer, nor extremely wealthy. So for all the hysteria about the market, please understand; it's catastrophic for you, not the other roughly 80% of us.

Today’s market dive disproportionately affects Baby Boomers and the wealthy because they hold a significant portion of their wealth in financial assets, particularly stocks. Boomers, born between 1946 and 1964, are either nearing retirement or already retired, with many relying on investment portfolios, such as 401(k)s and direct stock holdings, to fund their golden years. According to financial insights, they own nearly $20 trillion in stocks—almost half the U.S. market—making them highly exposed to market volatility. A prolonged downturn, like the recent 10% drop in the S&P 500 reported by Business Insider, shrinks their nest eggs, potentially forcing delays in retirement or reduced spending to stay afloat. The wealthy, similarly, have a large share of their net worth tied up in equities and other market-dependent assets, amplifying the impact of a slide compared to those with less invested.
In contrast, the bottom 80% of Americans are less directly affected by this market drop because their wealth is not predominantly tied to the stock market. For most, financial security hinges more on wages, home equity (if they own property), and immediate cash flow rather than investment portfolios. Data from the Federal Reserve highlights that the top 10% of Americans control two-thirds of the nation’s wealth, while the bottom 90%—which includes the bottom 80%—hold just one-third, with much of that in non-financial assets like homes or savings accounts. A market dive doesn’t immediately erode their day-to-day finances since they’re less likely to own significant stock holdings. Their economic struggles, like stagnant wages or rising costs, are more chronic and disconnected from short-term market fluctuations.
That said, indirect effects could eventually trickle down to the bottom 80% if a sustained downturn triggers broader economic consequences, such as job losses or reduced consumer spending by the wealthy and Boomers. However, the immediate sting of today’s dive is felt most acutely by those with substantial market exposure. Boomers face a unique squeeze: with limited time to recover losses due to their age, they’re urged to de-risk portfolios, as noted in Business Insider’s analysis.
(https://www.businessinsider.com/boomers-are-in-big-trouble-if-the-stock-market-keeps-sliding-2025-3).

Meanwhile, the wealthy, though more resilient, still see significant paper losses. For the bottom 80%, the market’s ups and downs remain a distant concern compared to pressing issues like inflation or job security, underscoring a stark divide in how economic shocks ripple through society.
(Wealth Inequality and the Racial Wealth Gap).

So keep tje sobbing down. Most of us don't care. And many of us in the know are absolutely loving it...

Judging by the length of your OP imma gonna guess that you’re trying to say something.

 

[Vastator]

OK, zoomer, you are officially an idiot.

Gen-Xer thank you very much. And while you're free to call me an idiot... You didn't call me a liar...

 

[John Edgar Slow Horses]

Gen-Xer thank you very much. And while you're free to call me an idiot... You didn't call me a liar...

I think you are flat out wrong, but not a liar. You are ignorant, not mean spirited.

 

[yidnar]

No, they are not.

Vietnam Cuts Import Tariffs in Response to Trump’s Push | OilPrice.com

Vietnam has announced import tariff cuts on goods including LNG, cars, and ethanol in an effort to reduce its trade surplus with the United States and mitigate potential tariffs from President Trump.

oilprice.com

Israel canceling all tariffs on US products

Israel is lifting all tariffs being imposed on U.S. products, a move that Prime Minister Benjamin Netanyahu says will have economic and strategic benefits.

www.foxbusiness.com

https://www.moneycontrol.com/news/india/india-agrees-terms-with-us-for-trade-deal-after-pmo-push-report-12982165.html

 

[John Edgar Slow Horses]

Vietnam Cuts Import Tariffs in Response to Trump’s Push | OilPrice.com

Vietnam has announced import tariff cuts on goods including LNG, cars, and ethanol in an effort to reduce its trade surplus with the United States and mitigate potential tariffs from President Trump.

oilprice.com

Israel canceling all tariffs on US products

Israel is lifting all tariffs being imposed on U.S. products, a move that Prime Minister Benjamin Netanyahu says will have economic and strategic benefits.

www.foxbusiness.com

https://www.moneycontrol.com/news/india/india-agrees-terms-with-us-for-trade-deal-after-pmo-push-report-12982165.html

Israel does not matter. Vietnam is not doing what you suggest.

 

[debbiedowner]

Yawn, day to day fluctuations in the market don't affect most long term investors. LMAO, todays drop provides a great opportunity to buy. At one point today, gold was down $22--if you had sold in the morning and bought when it was down that much, you would be $39/oz richer. On 100 ounces, thats a quick $3900 -- meh, you're rich--its just chicken scratch to you.

Yep, the ones who bought low on Thursday got burnt on Friday.

 

[Vastator]

I think you are flat out wrong, but not a liar. You are ignorant, not mean spirited.

Cool story.

 

[Lesh]

That's exactly what many of us say. Boomers destroyed the markets for the next three generation at least. No sympathy...

Ain’t you the scumbag…

 

[Vastator]

Ain’t you the scumbag…

Opinions vary...

 

[TimFitz]

The Great recession was the result of government policy--clinton's

No, the Great Recession was both the result of Clinton being talked into agreeing with the GOP led initiatives of the Commodities Futures Modernization Act, and other deregulating legislation which effectively removed the protections of the Glass Steagal Act.

The proof of the potentially disasterous consequences demonstrated themselves right at the beginning of the Bush Administration with the collapse of Enron, and Citigroup.

The GOP Congress and the Bush Administration did nothing, just as the Reagan Adminisration did nothing to prevent the savings and loan crisis.

 

[TimFitz]

It happens more times than you would like to admit. It has always recovered. It is due. But you can howl at the moon if you want. I will take it in stride and make some money.

No, collapses of this sort are very rare.

 

[John Edgar Slow Horses]

Opinions vary...

Not much. You are an ignorant scumbag.

As Senator Kennedy said yesterday in an unguarded moment, "We are dead." He means the party. Many members and some leaders are already scrambling.

 

[Lesh]

Opinions vary...

No. Pretty much not.

Very few people that want to screw over retirees are considered anything but scumbags

 

[Vastator]

No. Pretty much not.

Very few people that want to screw over retirees are considered anything but scumbags

Not actually a want. But I can appreciate karma...

 

[John Edgar Slow Horses]

Not actually a want. But I can appreciate karma...

Yep, karma has struck MAGA. As Senator Kennedy said yesterday, "We are dead."

 

[Lesh]

Not actually a want. But I can appreciate karma...

A distinction without a difference

 

[yidnar]

Israel does not matter. Vietnam is not doing what you suggest.

 

[John Edgar Slow Horses]

View attachment 1097160

Yes, you live in a cartoon world playing your head.

 

[yidnar]

Yes, you live in a cartoon world playing your head.

how m,any times a day do obsess about Trump ? lol ! congrats ! you've made it through the 1st 2 months ..only 46 to go ! and if Trump is successful[and he just might be] in his attempt to pressure countries to lower their unfair tariffs and trading practices and get more manufacturing done in the US he will go down as one of the greatest POTUS in modern history .. are you nervous ? yeah .. I think you are ..MAGA !

 

[Concerned American]

Yep, the ones who bought low on Thursday got burnt on Friday.

LOL, and the ones who sat pat didn't lose anything. Look out, that piece of sky is going to hit you.