Monday, 2nd March 2009

Housing Market Meltdown and Stock Market Collapse Threaten Retirement Wealth of Millions of Baby Boomers

Housing Market Meltdown and Stock Market Collapse Threaten Retirement Wealth of Millions of Baby Boomers
Source: Center for Economic and Policy Research

Turmoil in the housing and stock markets now threatens the retirement security of tens of millions of baby boomers who looked to their houses and investments as sources of retirement wealth. A new report from the Center for Economic and Policy Research (CEPR) shows that due to the collapse of the housing bubble, the vast majority of near retirees have accumulated little or no wealth. This means that they will be almost completely reliant on Social Security and Medicare to support them in their retirement years.

+ The Wealth of the Baby Boom Cohorts After the Collapse of the Housing Bubble

Category:

• Age and Aging
• Business and economics
• Housing and real estate
• Investments

Source:

• Center for Economic and Policy Research

Views: 138

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