I personally found the separation into so many sections distracting, FWIW. Other than increasing pageviews and ad clickthroughs, I'm not sure what the rationale would be for cutting a piece of this length into seven sections.

Substantively, I think the main drivers of investor behavior going forward (including boomers and other reitrees) will be factors other than savings and consumption patters. We're currently in a period of almost unprecedented uncertainty, unpredictability, and anxiety concerning market and investor behavior. Investors still recovering from the horrifying March 2009 market lows. The savings rates you mentioned are held artificially low via government intervention, making alternatives to equities less attractive. More generally, massive, ultimately unsustainable government intervention is altering market behavior in ways that no one can fully assess.

I'm bearish on equities for reasons that stem beyond the scope of a comment on your piece. But FWIW, I agree that those focused specifically on baby boomer behavior are looking in the wrong place.