The government has reopened and the task of piecing together the missing economic data points has started. Early clues suggest that hiring slowed in October. Meanwhile, the Labor Department will release its delayed payrolls report for September tomorrow.
Daily Archives: November 19, 2025
Macro Briefing: 19 November 2025
The generation of baby boomers holds more than $85 trillion in assets thanks to economic conditions Gen X, millennials and others would be hard-pressed to replicate. “It’s astonishing how their relative wealth has taken off in the last 30-plus years,” Edward Wolff, an economics professor at New York University, tells The Washington Post. “They started out as among the poorest groups in terms of wealth back in 1983.” In a working paper for the National Bureau of Economic Research, he reviewed the data for 1983-2022, a period when older boomers saw their wealth climb and their younger peers recorded relative declines.
