Booming Boomer Spending Drives UK Inflation to Record Highs
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Boomers (born 1946-1964) are keeping inflation high through spending, aided by healthy pensions, savings interest, and policies like pensions triple lock.
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Boomers account for 13 million of UK's 67 million population and are outspending other generations on housebuying, holidays, golf, private healthcare, and recreation/culture.
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Boomers took 52 million holidays in 2022, spending record amounts, with most planning multiple 2023 trips costing £5,000+.
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Golf rounds played are at record highs, driven by over-55s who comprise over 50% of golf memberships.
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Private healthcare admissions have jumped amid NHS strain, especially among 55-80 group. Boomers outspend average household on recreation/culture.
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