Baby Boomers have been blamed for ruining the economy as they are blamed for not thinking about future generations. Baby Boomers grew up in a time that featured many life defining events such as the Vietnam War and the Civil Rights movement. They grew up in a time where interest rates were low and housing prices were inflated. This allowed them to increase the value of their assets and create wealth. However, not all Baby Boomers are wealthy and some don’t even have enough money to fully retire.
Key Takeaways:
- Baby Boomers were brought up during life defining events such as the Vietnam War and the Civil Rights Movement.
- Baby Boomers have gotten low interest rates, inflated house prices and increased value on their assets.
- Many baby boomers do still have debt and some haven’t even saved enough to be able to fully retire.
“By 2030, all boomers will be at least 65. As of 2019, per the most recent Census data available, there are around 73 million baby boomers in the US.”
Read more: https://www.businessinsider.com/typical-baby-boomer-net-worth-debt-real-estate-retirement-2021-12
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