December 30, 2024 Investor Insights

Boomers & Homes

December 30, 2024

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions.

The S&P 500 has gained 20%+ for two straight years. Only three times in history has it done so for a third: 1935-36 (followed by a 39% plunge in 1937), 1954-55 (a 2.6% rise in 1956), and 1995-98 (nearly 20% in 1999). *1
In the U.S., more than 4.1 million people will turn 65 each year from 2024 to 2027. 2
75% of Baby Boomer homeowners plan to leave their homes or sale proceeds to their children, benefiting Gen X and Millennials with an estimated $17 trillion in home equity. 3
The median age of homes in the U.S. is now 40 years, up from just 31 years in 2005. 4

Sources:

Barrons - "Why the Stock Market Could Gain Another 20% in 2025"
WSJ - "What the Record Wave of New 65-Year-Olds Means for Wall Street"
401k Specialist - "Silver Tsunami Likely to Bring Wave of Wealth to Children of Boomers"
The Daily Spark - "The Median US Home is 40 Years Old"

*Past performance is not indicative of future performance

Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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