As a quick follow up to my earlier post on Kathleen Casey-Kirschling, the first Baby Boomer, I recently read with interest that the 2006 midterm election exit polls showed voters 50 and older making up 52 percent of those casting ballots. That is up dramatically from 35 percent of those who cast ballots in the 2004 presidential election, just two years earlier.
As the 10,000 boomers, on average, turn 62 each day over the next two decades, the percentage of 50 plus voters casting ballots is expected to increase correspondingly. The effects of this ageing population in this year's presidential election are expected to be enormous.
That can only be more good news for John McCain!
Unrelated to this year's presidential politics, but rather from a real estate and estate planning perspective, I cannot help but wonder what will become of the tremendous wealth that has been accumulated by this huge and for the most part, quite fortunate, population bubble as it eventually begins to pass on?