Does anyone notice demographic differences in major shoe brand wearers / buyers?

[chrlsful]

“...boomers are not passing down inheritances... Much more likely to sell their house (spend) the profits on vacations in their "retirement" phase, and spend the rest on an old folks home."
I hope it’s the fancy continuing care which adapts to your stage of life (or changing ambilitory/medical needs). I am very happy, single, more... live on Soc Sec retirement @ yrly income of about double the monthly pay of the usa median income (78K$/yr). For me it’s not cash flow but savings/banked $ whatever the correct name. I need to not worry, I cant spend it as I left it to my own ‘millennials’. Its there for confidence really...

“...Millennials are suiting themselves, literally....” this is the nxt gen, 2 after that which I mentioned. But not sure your meaning here. It seems their folks (middle 1 of the 3 we discuss) DO go "on vacations” & move into “old folks homes”. We did the 3 generation thing for my growing up - grndparent(s), parents and my sib splitting the home. At 1 time (grndp.s not living w/us) my Great grandmother stayed awhile. So we may B delineating the ‘demographics’ in the broad Q the OP presented.

 

[Pascal1980]

usa as well: “...biggest inheritance package is the owned and mortgage-free family house...” for the middle and above class. It totally passed by the 40% of non-N. European (born 1st 2 decades of 20th century) mericans due to no GI Bill (mortgage) and “Red Lining” (“Do not allow those ppl to buy/live in our neighborhood”) also this same generation But continuing to this day. It seems Germany has dealt fairly well (a few skin heads here’n there) w/past demons; merica has a different legacy (African-American & Indigenous peoples, other minorities) and has not faced it for 3, 400 yrs. Congradulations to your country.

Actually the average net wealth per capita is significantly higher in the USA than in Germany. In Germany most "wealth" of the average person or household is indirectly hidden in public social security and insurance. The OECD tries to calculate the net present value of the claims, or entitlements, of persons and households in social security insurances, like the public pension system, to make it comparable to the direct financial wealth of the anglo-saxon system where most wealth is invested privately in private pensions and retirement savings.

The effect of the relativly high margina social security tax rates, and income tax rates, in most European countries has the effect that households with a gross income below the medium have a hard time to save and invest for direct private financial wealth, or even to save the equity downpayment to buy an apartment or house. Hence private and direct wealth is highly skewed to households with an income above the median, and in particular to the upper 10%. However, when including the indirect wealth in the public pension system by calculating its net present value, the wealth distribution is much more even and more even than in the USA and other anglo-saxon countries, including Canada, Australia etc.

Millenials:

Here folks as millenials also enjoy traveling, because as everybody says the public pension system is broken (which down to the cold mathematical-actuarian numbers it is not, but under demographic pressure), they rather life now and maybe safe later.

On the other hand, the millenials I know, most are my students as university lecturer, who save and are financially more prudent do very well and early buy their own apartment and save a lot in equity ETFs to build wealth.

Best regards

Pascal

 

[chrlsful]

I no more abt the scandinavian system (sorry to steal the OP’s thread). Here we pay for much out of pocket, have some higher saleries (and bigger % poverty) & higher costs of products with a fairly small (tRump will make it smaller) admin or government (not the staff - what the admin does for citizens). I could write reams of info... anyway read Geo. Lakey (merican Friend or Quaker) book: https://www.penguinrandomhouse.com/books/538583/viking-economics-by-george-lakey/ ... do Not buy frm Amizone. I hate them (esp J Bezos, like the a$$hat E Musk).

“...So we may B delineating the ‘demographics’ in the broad Q the OP presented...."
AND
now back to your regularly scheduled program~