This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Baby Boomers have been dealt a pretty good hand, at least relative to most other generations (including their children in the Millennial cohort,

Boomers faced the highest inflation of any generation in 2023, driven by rising healthcare and insurance costs that outpaced overall price increases.

As baby boomers continue to retire in droves, they are likely to consider downsizing their living arrangements to accommodate their new lifestyles. While they have the highest portion of wealth among all generations,

Baby Boomers are holding onto $105 trillion in wealth that is expected to transfer to heirs by 2048. Baby Boomers are less likely than other generations to believe passing on their money is important.

Baby boomers — the generation on the cusp of or currently living out their retirement dreams — can offer a few good tips when it comes to money management