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Notes -
My sample size is biased by living in an area where people tend to move when they retire.
But the entire cruise industry, RV Industry, and the existence of Margaritaville resorts is upheld by the consumption spending of Boomers.
I've always thought medical expenses tend to be the biggest drain on the elderly, plus also strong cottage industries have erupted around scamming the elderly due to their status as easy targets holding a massive chunk of the capital.
Massive chunks of capital, diminished mental capacity, a poor grasp on how new technology works... and often a more trusting nature than average.
And they often have people in their lives who are capable of looking out for them, but the sheer volume of scam attempts means they likely cannot catch them all, and it only takes one or two to get through to do some real damage. And these are highly adapted organisms, your poor grandma isn't equipped to fight off the barrage.
Sad to say it, but when you have an overstuffed wealth Piñata like the U.S. boomer class, everyone, even their loved ones, is licking their chops to crack it open and snag as much of it as they can.
And being more direct, the domestic political world, both sides of the ideological divide, is rife with this. The benign grifters who use ragebait to maintain an audience, and the more slimy types running nonprofits, PACs, and indeed running whole election campaigns solely designed to get elderly people to donate large sums of money on the vague idea that it would help achieve some nice-sounding political objective.
And that leaves aside the actual politicians already in office.
Trump has managed to tap into it to great success, but there are small scale imitators everywhere.
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