SubscribeAll Posts Tagged With: "net worth"
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 | ContinuedThe Socialization of the Mortgage Business
“Housing, Inflation both getting worse,” says a headline at MarketWatch.
The price of oil held steady yesterday – in the face of Saudi plans to pump another 200,000 barrels a day. The dollar held steady too. And the yield on the 10-year note rose to 4.24%. Gold jumped $13.
Unless you own an oil well or a goldmine, it has been a bad year. Out of the world’s 52 leading stock markets, 49 are down for the year. Ireland, for example, has lost 15% of its equity market value. Vietnam has been crushed…everyday is a down day in Hanoi.
In the United States,…
18Jun2008 | Daily Reckoning | Comments Off | Continued
Loading ...
