Asset distribution versus accumulation
Here’s a great article about the coming shift from asset accumulation to asset distribution. As the baby-boomer generation rolls into retirement, their wealth focus will shift from asset gathering to finding intelligent ways to distribute the money.
“The financial services industry largely is centered on selling appropriate financial products and holding assets under management for as long as possible. This tactic no longer will work for baby boomers, who will consume their assets over time.”
It says a baby boomer turns fifty every eight seconds. Statistics like that crack me up. A couple other things that happen every eight seconds: a blog is created, and Carmen Electra thinks about sex.