The Numbers: Debt vs. Boomer Wealth First, let’s get a sense of the scale we’re dealing with as of March 13, 2025.

United States: The US national debt is hovering around $34 trillion (it’s been climbing fast, and that’s a conservative snapshot from late 2024 data). Boomers—born 1946–1964, now aged 61–79—hold a massive chunk of wealth. Estimates vary, but they’re said to control about $84 trillion in assets (some say $77 trillion, others up to $90 trillion depending on how you slice it). Let’s go with $84 trillion for now. That’s more than double the national debt, so theoretically, their savings could wipe it out and leave a hefty surplus.

United Kingdom: The UK’s national debt is roughly £2.8 trillion (about $3.6 trillion USD at current exchange rates). Boomers’ wealth here is trickier to pin down precisely, but they’re part of the older cohorts holding significant assets—think property, pensions, and investments. Across all UK households, total wealth is estimated at £15 trillion ($19 trillion USD), with Boomers likely owning half or more, say £7.5 trillion ($9.5 trillion USD). That’s enough to clear the debt 2–3 times over.

European Union: The EU’s collective public debt is tougher to aggregate since it’s spread across 27 member states, but Eurostat pegs it at around €14 trillion ($15 trillion USD) as of late 2024. Boomers in the EU (same age group) hold substantial wealth, especially in countries like Germany, France, and Italy. Total household wealth in the EU is estimated at €60 trillion ($64 trillion USD), with Boomers possibly controlling 40–50%—let’s call it €25 trillion ($27 trillion USD). Again, that’s nearly double the debt.

Yeah that works.