# Buy Boomers - Sell Milinellials **URL:** \ **Category:** Uncategorized\ **Created:** [October 29, 2023, 10:26pm UTC](https://community.clark.com/t/buy-boomers-sell-milinellials/3738 "2023-10-29T22:26:16Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![H200h](https://avatars.discourse-cdn.com/v4/letter/h/e79b87/32.png) [@H200h](https://community.clark.com/u/H200h)\ **Post date:** [October 29, 2023, 10:26pm UTC](https://community.clark.com/t/buy-boomers-sell-milinellials/3738/1 "2023-10-29T22:26:16Z")
Looks like interest rates are making stuff boomers buy Wall Street hot buys. [Buy boomers, sell millennials, says Bank of America | Fortune](https://fortune.com/2023/10/27/buy-boomers-sell-millennials-bank-of-america-trade-recommendation-stock-market/) ---
**Author:** ![robertpri](https://avatars.discourse-cdn.com/v4/letter/r/ec9cab/32.png) [@robertpri](https://community.clark.com/u/robertpri)\ **Post date:** [October 29, 2023, 10:42pm UTC](https://community.clark.com/t/buy-boomers-sell-milinellials/3738/2 "2023-10-29T22:42:20Z")
good article–thanks ---
**Author:** ![butler](https://avatars.discourse-cdn.com/v4/letter/b/ac91a4/32.png) [@butler](https://community.clark.com/u/butler)\ **Post date:** [October 30, 2023, 12:48am UTC](https://community.clark.com/t/buy-boomers-sell-milinellials/3738/3 "2023-10-30T00:48:14Z")
Makes sense… The Boomers have plenty of disposable income…and now are earning 20 year high rates on fixed income products. The Millennials are getting squeezed big time by the enormous inflation we have seen over the last couple of years. ---
**Author:** ![OU812](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ou812/32/1549_2.png) [@OU812](https://community.clark.com/u/OU812)\ **Post date:** [October 30, 2023, 10:34am UTC](https://community.clark.com/t/buy-boomers-sell-milinellials/3738/4 "2023-10-30T10:34:15Z")
“Baby boomers are flush, with high interest rates fattening their savings accounts.” Sorry, moving from stocks where I was averaging probably 10%/year for years to MM or CD’s making 5% and my portfolio is down, I do not feel “flush”. And 5% is high interest? I remember in 1980 when CDs were paying 15% interest and I was looking to buy a house. My first house I had over 13% interest rate. Now THAT was high interest! ---
**Author:** ![H200h](https://avatars.discourse-cdn.com/v4/letter/h/e79b87/32.png) [@H200h](https://community.clark.com/u/H200h)\ **Post date:** [October 30, 2023, 2:46pm UTC](https://community.clark.com/t/buy-boomers-sell-milinellials/3738/5 "2023-10-30T14:46:46Z")
> [@OU812](#): > > My first house I had over 13% interest rate. Now THAT was high interest! My lifetime high for 1st mortgage interest was 17% … in the mid to late eighties as I recall. ---
**Author:** ![OU812](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ou812/32/1549_2.png) [@OU812](https://community.clark.com/u/OU812)\ **Post date:** [October 30, 2023, 7:34pm UTC](https://community.clark.com/t/buy-boomers-sell-milinellials/3738/6 "2023-10-30T19:34:05Z")
Spurred by the Great Inflation, the 30-year fixed mortgage rate reached a pinnacle of 18.4 percent in October 1981, according to Freddie Mac. The Y-axis on this graph is 5, 10 and 15% ![image](https://us1.discourse-cdn.com/flex016/uploads/clark/original/2X/4/4e4a113808cccf925c97da3a655099593295d73b.png) > **[Historical Mortgage Rate Trends | Bankrate](https://www.bankrate.com/mortgages/historical-mortgage-rates/)** > > Historical mortgage rate trends can give you a sense of how economic conditions influence the rates available on the market today. ---
**Author:** ![H200h](https://avatars.discourse-cdn.com/v4/letter/h/e79b87/32.png) [@H200h](https://community.clark.com/u/H200h)\ **Post date:** [October 30, 2023, 10:31pm UTC](https://community.clark.com/t/buy-boomers-sell-milinellials/3738/7 "2023-10-30T22:31:54Z")
We bought houses and had 1st mortgages in 1976, 1978, 1980, 1984 and 1992. It musta been the 79-84 timeframe. We got rid of our mortgages in 2000.