Golf
this post was submitted on 16 Nov 2023
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Golf and pickle ball.
Scam callers. They’re so popular now because they’re effective. It’s like every other day I hear about some one who got fleeced out of money.
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I didn’t realize this was the entrepreneur sub when I typed that lol. I guess it’s not good advice lol.
But maybe there’s some kind of service you could help to protect old people from getting scammed.
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Funerals...
As for mine: beer, and his oversized pick up truck
Get into the Medicare advantage business NOW. Thank me later.
wtf you talking about, many can't even retire and are working until they die.
My dad (77): nursing home and medical care for my mom, iPads, gadgets and anything that can be sold vi WhatsApp.
Parents just bought a place in FL. Simultaneously finally gave in and cancelled the $400+ Verizon cable bill for YouTube TV + Netflix/Paramount/Disney/Hulu
My parents spend all their time, money, and effort on their grandchildren. Which is great for my siblings and I because it finally got them off our asses.
Healthcare
Their grandkids.
If my dad is any guide it's healthcare.
Life needs and healthcare.
theyre still saving it
AOL dial up and Metamucil
Grandkids lol 😂
Not anything made in China
Guns and ammo.
Health, cause most of these ppl will have health issues.
Fox News
My boomer parents have resigned to cruises
Old folks homes, handyman services, grandchildren, medical..
Cruises
Long term and boomer aren't something that goes together
Cruises
Healthcare and Travel for sure)
Aged care
Men - tools, gadgets they do not know how to use and Liqour to ease the disappoiment. They also spend hours waiting fir the kids to phone and say something is broken, so they can test out the tools and gadgets
$35000 safaris in Africa and vacationing all over the world. Using all their inheritance, on living their best lives
Go to Costco. They're buying everything
My father is 63 and he spends most of his money supporting his unemployed children. For context, my siblings are 28M and 23F. They can't hold down jobs, not even work acquired through nepotism.
Residential care. They're going to be in rest homes for a very long time compared to previous generations.
Colonoscopies and Medicare Supplements
Wine, beer, booze, doctor visit copays, prescriptions, going out to eat, orthotics, security cameras on every corner of house, cable tv AND YouTube TV, landlines phones, caretakers, vacations, Hey Dude shoes, their 2 homes: 1 in FL and one “up north”, RV, CPAP machines, Handles in the shower and next to the terlet, remodeling their house…
Source: I have boomer parents and live in a major boomer town.
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Nostalgia - things like jewelry specifically so there are things to pass on to the kids and grandkids
Viagra
Boomers are spending their money on caregivers and healthcare.
Saw on the news a retired couple living on a cruise ship for 2 years because it was cheaper than an elderly home.
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They spent most of their money on medicines
They’re losing all their life savings day trading.
Teeth
Denture.
Avocado toast
Dying in comfort. I spent 3 years working for a medium scale general contractor. In that time I worked on 4 separate 100+ unit buildings geared towards retired living, ~$7k/month rentals.
Smashed avo
Pharmacist here. I am seeing a lot of them spending nearly a thousand per month on GLP-1 drugs like Mounjaro and Ozempic. Even at that price, we aren't able to get enough from our wholesaler to meet demand.
It’s all getting sucked up by the monstrous money devouring black hole that is the US healthcare system.
You wanna get boomer money? Open a nursing home.