Geopolitical expert Peter Zeihan links boomers to US deficits

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Jing PanMon, Sep 1, 2025, 3:13 PM 7 min readZeihan on Geopolitics/YouTubeMoneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.Bestselling author and geopolitical strategist Peter Zeihan is warning that the U.S. is locked into massive, multi-trillion-dollar deficits for decades — and it’s all because of one generation: baby boomers.In a YouTube video, Zeihan argued boomers built an increasingly generous welfare state during their prime earning years, but now that they’re retiring, the financial burden is shifting to younger generations — especially Generation X, which is significantly smaller in size.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howI'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAP“The boomers have created a social welfare state for themselves that they never had any intention of paying for,” Zeihan said. “Fast forward to today, two thirds of them are retired. They're taking their money, they're going home. The taxes that they're paying have dropped off, and we are left with a welfare state to fund their retirement without their income to pay for it all.”The numbers back up Zeihan’s concerns. According to estimates, there are about 70 million baby boomers in the U.S., compared to roughly 65 million Gen Xers. Meanwhile, according to the United States Census Bureau, about 10,000 boomers turn 65 every day, further accelerating the strain on government finances.And according to Zeihan, that spells trouble for the nation’s long-term financial stability.“We're looking at absolutely massive multi-trillion-dollar deficits every single year to be continued,” he said. “Deficits: massive, locked in as long as the boomers live, which is going to be on the average, another 15 to 25 years, based on who's doing the math.”The deficit problem is already serious. In fiscal year 2024, the federal government spent $6.75 trillion while collecting $4.92 trillion in revenue, leading to a $1.83 trillion deficit. The Congressional Budget Office (CBO) projects that the 2025 federal budget deficit will climb to $1.9 trillion.As boomers enter their golden years, Gen X is set to benefit financially — at least for now. Zeihan believes the financial burden of the state will “fall on” Gen X, but in the meantime, the generation will dominate the economy.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,415.54 -44.72 (-0.69%)Dow 3045,295.81 -249.07 (-0.55%)Nasdaq21,279.63 -175.92 (-0.82%)Russell 20002,352.21 -14.21 (-0.60%)VIX17.17 +1.05 (+6.51%)Gold3,599.50 +83.40 (+2.37%)PortfolioSign in to access your portfolioSign inTop gainersCYTK Cytokinetics, Incorporated 49.62 +14.29 (+40.45%)IONS Ionis Pharmaceuticals, Inc. 57.49 +14.86 (+34.84%)UTHR United Therapeutics Corporation 404.81 +100.05 (+32.83%)ARWR Arrowhead Pharmaceuticals, Inc. 25.68 +3.65 (+16.57%)OPEN Opendoor Technologies Inc. 5.09 +0.64 (+14.38%)Top losersSOC Sable Offshore Corp. 23.08 -3.90 (-14.46%)LCID Lucid Group, Inc. 17.66 -2.14 (-10.81%)NVMI Nova Ltd. 237.16 -26.18 (-9.94%)CRWV CoreWeave, Inc. 93.34 -9.70 (-9.41%)KYIV Kyivstar Group Ltd. 11.07 -1.12 (-9.19%)Most activeWBA Walgreens Boots Alliance, Inc. 11.98 0.00 (0.00%)OPEN Opendoor Technologies Inc. 5.09 +0.64 (+14.38%)NVDA NVIDIA Corporation 170.78 -3.33 (-1.91%)NIO NIO Inc. 6.58 +0.20 (+3.13%)SNAP Snap Inc. 7.33 +0.19 (+2.66%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersGOOG Alphabet Inc. 211.99 -1.54 (-0.72%)GOOGL Alphabet Inc. 211.35 -1.56 (-0.73%)AAPL Apple Inc. 229.72 -2.42 (-1.04%)OPEN Opendoor Technologies Inc. 5.09 +0.64 (+14.38%)ZS Zscaler, Inc. 274.57 -2.48 (-0.90%)Top economic events