Booming Boomer Spending Drives UK Inflation to Record Highs

Boomers (born 1946-1964) are keeping inflation high through spending, aided by healthy pensions, savings interest, and policies like pensions triple lock.

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.

Boomers took 52 million holidays in 2022, spending record amounts, with most planning multiple 2023 trips costing £5,000+.

Golf rounds played are at record highs, driven by over-55s who comprise over 50% of golf memberships.

Private healthcare admissions have jumped amid NHS strain, especially among 55-80 group. Boomers outspend average household on recreation/culture.