Boomers Hold Massive Wealth but Face Longevity Costs and a Housing Lock-In

Fortune argues that while Baby Boomers own a large share of U.S. wealth and wield influence, many are unprepared for long retirements due to under-saving, rising health and long-term care costs, and a shift from pensions to 401(k)s. They also hold a disproportionate share of housing, with mortgage-rate lock‑in and asset gains keeping them in place and limiting mobility for younger generations. The piece frames this as a structural, lifespan-driven problem rather than individual failings, highlighting late-life inequality and calls for policy reconsideration of retirement and housing.