Top 20 Takeaways from the Dodd-Frank Act, #17

#17Changing Demographics “Boomers Still Rule”

Boomers have been in charge since the first Boomer, Kathleen Casey-Kirschling, was born one second after midnight on Jan. 1, 1946. She filed for early retirement on October 16, 2007, becoming the first baby boomer to start collecting Social Security – the first of an 80 million pack.

This year, 10,000 boomers a day will turn 65.

This, ladies and gentlemen, is your new market.

Your first job is to capture the market of the Boomers as they pour money into their retirement accounts. Americans now have about $7.1 trillion invested in private retirement plans as they realize that they will have to finance their own retirement.

Your second job is to manage these savings. You will need to double and triple your capabilities to keep up.

About Steve Bartlett

Steve Bartlett is President and CEO of The Financial Services Roundtable, and has served in that role since June 1999. Previously, he was the Mayor of Dallas, Texas (1991-95), a Member of the United States Congress (1983-91), and on the Dallas City Council (1977-81). At The Financial Services Roundtable, Mr. Bartlett has had a major impact on legislation including Gramm-Leach-Bliley, E-SIGN, the 2001-2003 Tax Cuts, the Fact Act (FCRA), Class Action Reform, consumer bankruptcy reform, regulatory reform and TARP.
This entry was posted in Uncategorized. Bookmark the permalink.

Comments are closed.