this post was submitted on 16 Nov 2023
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Curious as to what industries are poised to benefit in the near-long term.

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[–] FoxyRoxiSmiles@alien.top 1 points 1 year ago

My egg and sperm donators are ridiculously rich and hide the money somehow so they are eligible for multiple government benefits. Yet somehow they lives of opulence. They bought a huge 4 bedroom “smart” house in a fancy retirement community in Fl. They don’t know how to use the smart features.

Egg donor spend her time making up illnesses that require dietitians and herbalists and chiropractors and special foods and vitamins. When she’s not wasting her money on quackery, she is pursuing expensive hobbies and paying for classes to play with these hobbies. And about four times a year she needs a vacation (usually cruises with excursions) from the stressful life she has (she has never once held a job, and the moment my sister and I were old enough to take on chores, we did, so she literally had zero responsibilities). She is too “sickly” to do her own housework so she pays for a cleaning service twice a week. Also, her dietary restrictions suddenly disappear when she’s out at restaurants for a minimum of one meal per day and she’s diet restricted for the remaining meals at home.

Sperm donator needed multiple top of the line golf carts, not for golf, but to drive around the neighborhood. He needs a fancy boat but lives nowhere near water. And he needs a fancy car for egg donor and a giant truck for himself. Recently he expressed a need for a Tesla. Not sure if he followed through with that yet He also needs top of the line tools in his air conditioned tool shed for home repair projects on a brand new house that needs no repairs. And he had to buy a church for himself because no churches in the area are as knowledgeable about the Bible as he is, so he absolutely has to have his own church ministry that he finances without contributions from the members. He actually DOES have legitimate and serious health issues that he insists can be prayed away and refuses treatment for until he’s almost dead and egg donors insists he check into the hospital.

I do not begrudge them enjoying their own money. However, they are really shitty people and my sister and I and their grand kids all want absolutely nothing to do with them. When any of us have found ourselves truly in need of help, experiencing emergencies, they found ways to deny it in the most insulting ways possible. So we learned in our early 20’s to not bother asking them. For example, when my sister was pregnant with her second kid, her husband became extremely abusive and beat her to try to get her to miscarry. She begged to be allowed to stay with them (in their giant 5 bedroom house in Texas) until she delivered and then got a stable job and a place to live. They agreed that she could live with them until the baby was born, and not a day longer. She had a traumatic pregnancy and a c section birth. The day she got home from the hospital they dropped her and the toddler and baby off at a woman’s shelter. Bet the sperm donor’s cult members know nothing about that brand of love he practices in direct opposition to what he preaches. As usual, the egg donor looked the other way. The same direction she looked when he beat my sister and I when we were kids. In our most dire circumstances, we are always better off without them.

And now I’m going to try to sleep again. I have to get up early to get to the food bank before the food is gone.

[–] Trumpy675@alien.top 1 points 1 year ago

Anecdotally, swimming pools, just based on the boomers in my network. Both new and renovations. In the three cases I’m referencing (I said it was anecdotal), the lowest spend was $80k.

** Your Boomers may vary

[–] travelguy23@alien.top 1 points 1 year ago

Mostly the same as people of other ages.

[–] -OhYouKnow-@alien.top 1 points 1 year ago

V8 Nissan patrols and caravans

[–] bobbywright86@alien.top 1 points 1 year ago (1 children)

My parents spend all their money on Jesus and Trump. Couldn’t give a fuck about their heathen children lol

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[–] ryan69plank@alien.top 1 points 1 year ago
[–] Chairmen__Pao@alien.top 1 points 1 year ago

Pretty soon cat food

[–] totallylost1337@alien.top 1 points 1 year ago
[–] Fiveaxisguy@alien.top 1 points 1 year ago

Boomer here, spending money on adventure paddling trips.

[–] Flubert_Harnsworth@alien.top 1 points 1 year ago

It’s probably a good time to be doing physical labor services like painting, handy man stuff, carpentry, etc.

They love nice things and they will only get less capable of diy-ing them.

[–] sancalisto@alien.top 1 points 1 year ago

Rent, Gas, and Index Funds. I’m 54. What age is a boomer?

[–] Planimation4life@alien.top 1 points 1 year ago

My parents just spend their money on cable TV, groceries and traveling for the last 10 years

[–] Dyert@alien.top 1 points 1 year ago
[–] FlyingGoat88@alien.top 1 points 1 year ago

Over the next 3 years, I will retire, and we'll buy an airplane and vacation home.

[–] WYLFriesWthat@alien.top 1 points 1 year ago

Anti aging schemes

[–] PasswordReset1234@alien.top 1 points 1 year ago

Healthcare.

[–] littledoodlebutt@alien.top 1 points 1 year ago

Grandchildren

[–] Squirxicaljelly@alien.top 1 points 1 year ago

Boomer MIL is spending her entire life savings at Ross. She has more clothes than any human being I’ve ever met, and doesn’t wear any of them. I’m just sitting here watching my wife’s inheritance dwindle away into nothing day by day.

[–] jokemon@alien.top 1 points 1 year ago

keeping their house from collapsing, home remodel stuff.

[–] Outside_Ad_1447@alien.top 1 points 1 year ago

My parents are upper class gen x and are going to be the old generation next that will do a significant amount of spending and has been.

Right now it is golf, tennis, and concerts as they are pursuing their interests.

Golf especially is set up for long term growth as their is significant momentum in younger generation adoption.

[–] Discgolf2020@alien.top 1 points 1 year ago

Maintenance companies that specialize in health care facilities.

[–] HesitantInvestor0@alien.top 1 points 1 year ago

Anything they want.

[–] RuzzeII@alien.top 1 points 1 year ago

Their grandkids student loans.

[–] WallNo9276@alien.top 1 points 1 year ago

Cars and all inclusives

[–] luigijerk@alien.top 1 points 1 year ago

Their spoiled whiny children who can't support themselves.

[–] palmveach1972@alien.top 1 points 1 year ago

Cigarettes, medicine, diet pills, eating out.

[–] RatherBeRetired@alien.top 1 points 1 year ago
[–] RiverHamm@alien.top 1 points 1 year ago

Leaf gaurd!

[–] djazzie@alien.top 1 points 1 year ago

My mom, who lives in Louisiana, just bought a second house across the street from her sister, who lives in CT. She intends to spend her summers there, but is renting it out to my cousin for the time being. She’s also traveling a bit, though not as much as she used to, as her body and mind are starting to go.

[–] DeliriousPrecarious@alien.top 1 points 1 year ago

Boomer wealth is going to get sucked into medical bills, retirement homes, and finally end of life care.

[–] channeldrifter@alien.top 1 points 1 year ago

Their hobbies and travel

[–] OhSheGlows@alien.top 1 points 1 year ago
[–] unclegabriel@alien.top 1 points 1 year ago

Healthcare, housing, homecare, medicine, and transportation will be pretty solid bet. Discretionary spending will likely be on travel, entertainment, services and consumer goods.

[–] oroechimaru@alien.top 1 points 1 year ago

Casino, groceries, used truck, hunting trip, gas money to babysit, fishing gear, glasses, surgeries

[–] jellyn7@alien.top 1 points 1 year ago

Buying gift cards because an Email asked them to.

[–] beavertonaintsobad@alien.top 1 points 1 year ago

Amazon, Facebook, LL Bean, Lands End, assisted living

[–] Analyst-Effective@alien.top 1 points 1 year ago

Strippers and coke

[–] Brilliant_Ad7481@alien.top 1 points 1 year ago

As near as I can tell, Republican Party donations, good bouillon, and Viagra.

[–] CumRag_Connoisseur@alien.top 1 points 1 year ago

Dunno, my grandma spends only a teeny tiny bit lol she has the habit of hoarding money ever since.

Stupid boomer things that borrow from the future of younger generations while increasing boomer wealth. This wealth will be redistributed once the boomers die. It will go to the 20% of millennials who can currently buy a house.

[–] Separate_Job_8894@alien.top 1 points 1 year ago

They don’t get paid much I was at a machine shop talking to the old guys these guys have 30-50 years experience I have ten

They making 23-25 I’m at 29 make that make sense

[–] Striker40k@alien.top 1 points 1 year ago

Health care

[–] DeadlyToeFunk@alien.top 1 points 1 year ago

Bail money on their grandchildren

[–] leavetake@alien.top 1 points 1 year ago
[–] periwinkle_lurker2@alien.top 1 points 1 year ago

Home health nurse assistance.

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