Profstonge Weekly

Profstonge Weekly

Why do Boomers Own Everything?

Peter St Onge's avatar
Peter St Onge
Mar 28, 2025
∙ Paid

Last week Treasury Secretary Scott Bessent reported that the top 10% of Americans account for half of consumption — a new record.

This 10% is, of course, overwhelmingly Baby Boomers.

Who've spent the past 50 years having their assets pumped by the Federal Reserve while voting for big government that knocks the first rungs out of the career ladder for the…

User's avatar

Continue reading this post for free, courtesy of Peter St Onge.

Or purchase a paid subscription.
© 2026 Peter St Onge · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture