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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 | ContinuedBoomer Trends Coming to an End
Oh, where to begin, dear reader? When you have something important to say, like launching a nuclear missile…you have to be careful how you aim the thing…
But first, let’s look at the major headlines: the Dow shot up more than 200 points yesterday. And then back down this morning. Oil rose $5. The dollar fell back…and gold dropped. Nothing worth getting excited about…so let’s return to our story…
What happens when one bubble runs into another one? Which bubble survives…the one in commodities? Or the bubble in the people who buy them?
By the charts ye shall know them – bubbles, that…
9Jun2008 | Daily Reckoning | Comments Off | Continued
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