<prompt> Human: This hit me this morning shower thought I guess. The baby boomer generation is much bigger than the generations that follow it, right? So Id think that as the boomers retire and start pulling out more than they are putting in that the markets growth might slow, stop, or even steadily start to decline as more people are selling than are buying.Can that happen? Is it likely?Am I fundamentally misunderstanding something that makes that not possible?Im hoping for some good long term news - Im a gen Xer who hasnt ever thought of any great ways of getting rich or generating extra income beyond my meager retirement savings plan.  <response>: Can that happen? Is it likely? Am I fundamentally misunderstanding something that makes that not possible? As investors age, they begin to shift their asset allocation from wealth creation to wealth preservation. Wealth creation will typically involve equities and speculative instruments such as options or other derivatives. Wealth preservation will focus on fixed income and retirement products such as annuities. Equities such as those that comprise the major indicies are generally higher risk and shorter term. Bonds and other fixed income products become the focal point for baby boomers portfolios. TL:DR The baby boomers have little impact on the equities market. 