All Posts Tagged With: "baby boomer wealth"

Majority of Baby Boomers Found to Have Accumulated Little Net Worth

Attention Baby Boomers: If you are trying to sell your home, more than 30% of you will have to bring money to the table.

And the combination of falling house and stock values means that the vast majority of people near retirement have accumulated little or no wealth, meaning they will be almost completely reliant on Social Security and Medicare to support them in their retirement years.

These are the findings of “The Wealth of the Baby Boom Cohorts After the Collapse of the Housing Bubble,” a report by the Center for Economic and Policy Research (CEPR), a non-partisan research firm.…

26Feb2009 | Money Morning | 0 comments | Continued

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